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Agency for Natural Resources and EnergySettlement of FY2014 Purchase Prices and FY2014 Surcharge Rates under the Feed-in Tariff Scheme for Renewable Energy

The Ministry of Economy, Trade and Industry (METI) determined FY2014 purchase prices for newcomers and FY2014 surcharge rates under the Feed-in Tariff Scheme for Renewable Energy.

1. FY2014 purchase prices and the periods thereof for newcomers

On March 7, 2014, the Procurement Price Calculation Committee compiled and publicized a recommendation concerning the FY2014 purchase prices and the periods thereof. Respecting the recommendation, METI finalized the prices and periods thereof as below:

1) Electricity generated by photovoltaic power for customers other than households (10 kW or more)

  FY2013 FY2014
Purchase price (excluding tax) 36 yen /kWh 32 yen /kWh
Purchase period 20 years 20 years

2) Electricity generated by photovoltaic power for household customers (10 kW or less)

  FY2013 FY2014
Purchase price (excluding tax) 38 yen /kWh 37 yen /kWh
Purchase period 10 years 10 years

3) Electricity generated by offshore wind power* (newly created purchase category)

Purchase price (excluding tax) Offshore wind power 36 yen /kWh
Reference: Land-based wind power 22 yen /kWh
Purchase period 20 years

*Note 1: Electricity generated by offshore wind power refers to that generated at facilities for which ships and other vehicles must be used to gain access, either for the purposes of construction or operational maintenance.

4) Electricity generated by small and medium hydropower utilizing existing headrace tunnels** (newly created purchase category)

    Less than 200 kW From 200 kW to less than 1000 kW From 1000 kW to less than 30,000 kW
Purchase price (excluding tax) Utilizing existing head race channels 25 yen /kWh 21 yen /kWh 14 yen /kWh
Reference: Installing fully new facilities 34 yen /kWh 29 yen /kWh 24 yen /kWh
Purchase period 20 years

**Note 2: Electricity generated by utilization of existing headrace tunnels refers to that generated by upgrading electricity facilities and hydroelectric water pipes by utilizing currently installed headrace tunnels.

5) Electricity generated by other renewable energy sources

Purchase prices and purchase periods will remain the same.

2. FY2014 surcharge rates

METI calculated possible FY2014 surcharge rates based on the purchase prices and other factors in item 1 above and as a result, determined the rate of 0.75 yen/kWh. As a reference, monthly surcharges collected from average households which consume 300 kWh per month will be 225 yen based on this rate.*

In addition, FY2014 surcharge rates will be added to the electricity rates billed between May 2014 and April 2015.

*Note: In addition to the FY2014 surcharges, those set by the Excess Electricity Purchasing Scheme for Photovoltaic Power, which was abolished at the end of June 2012, will be added to the electricity rates billed for every month until September 2014 as follows:

  Hokkaido Tohoku Tokyo Chubu Hokuriku Kansai Chugoku Shikoku Kyushu Okinawa
Surcharges per 1 kWh under the abolished system 0.04 yen 0.05 yen 0.05 yen 0.03 yen 0.04 yen 0.03 yen 0.05 yen 0.05 yen 0.04 yen 0.03 yen

For further details, see the Japanese language press release.

References:

1: Procurement Price Calculation Committee

Recommendation concerning the FY2014 purchase prices and the periods thereof:
http://www.meti.go.jp/committee/chotatsu_kakaku/report_003.html (in Japanese)

2: Working Group for Operating the Feed-in Tariff Scheme of the New and Renewable Energy

Subcommittee under the Advisory Committee for Natural Resources and Energy:
http://www.meti.go.jp/committee/gizi_8/19.html (in Japanese)

Release Date

March 25, 2014

Division in Charge

New and Renewable Energy Division, Energy Conservation and Renewable Energy Department, Agency for Natural Resources and Energy

Related Information

Renewable Energy

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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