SMUD Opens and Closes FIT Queue

In mid-January the Sacramento Municipal Utilities District (SMUD) issued a Feed in Tariff based on time-differentiated avoided-cost calculation.  It was available to all technologies, for systems sized up to 5 MW.  Within one week the utility received applications that exceed the program’s 100 megawatt capacity, all for PV projects, and closed the queue for projects. According to SMUD’s FIT pricing guidelines, all renewable prices are levelized rates that do not vary over the term of the Power Purchase Agreement whereas CHP rates are annual prices with a fixed escalation factor of 2.74% to the prior year’s rates.

 

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