Existing renewable energy generators
s 64
Open ↗(1) An eligible producer who has executed an agreement for the sale and purchase of electricity with a distribution licensee prior to the coming into operation of this Act shall have the option of either— (a) applying to participate in the feed-in-tariff system, terminating any such prior agreement with the distribution licensee with the consent of the distribution licensee and entering into a renewable energy power purchase agreement prescribed under this Act; or (b) continuing under his or its existing agreement with the distribution licensee and not participating in the feed-in tariff system. (2) Sections 5, 6, 7, 8, 9, 10 and 11 shall apply mutatis mutandis where an eligible producer referred to in subsection (1) has opted to participate in the feed-in tariff system. (3) Upon the grant of a feed-in approval to an eligible producer referred to in subsection (1), Parts III and IV shall apply mutatis mutandis to the feed-in approval holder except that the effective period applicable to such feed-in approval holder shall be reduced by a period equivalent to the period during which his or its renewable energy installation had generated electricity for commercial sale to the distribution licensee prior to the grant of the feed-in approval.