Jordan announces first feed-in tariffs
Electricity Regulatory Commission sets buy-back rates for renewables
Jordan’s Electricity Regulatory Commission (ERC) has announced the county’s first feed-in power tariffs for renewable energy sources, according to the Jordan Times. The ERC has said that buy-back rates of 120 fils per kw/hr will apply for electricity produced from solar, and 85 fils per kw/hr for wind power.
The ERC has said that the tariff should encourage Jordan’s residents to make use of recent regulations which allow consumers to sell surplus electricity from renewables back to the national grid.
“With rising international oil prices, the government has been looking for ways to reduce electricity demand and costs. We found the best way to achieve both is by encouraging Jordanians to go solar,” said Mohammad Hamid, ERC chief commissioner, at a press conference on the announcemnent.
ERC has suggested that under the new feed-in tariffs should mean that investors can recover the costs of solar panels over a five to seven year period. Consumers could save between 32 and 70% of their monthly bills by selling electricity to the grid.