{"id":11930,"date":"2024-03-14T08:30:45","date_gmt":"2024-03-13T23:30:45","guid":{"rendered":"https:\/\/rts-pv-wp.grgr.link\/en\/?post_type=blogs&p=11930"},"modified":"2024-09-20T14:29:08","modified_gmt":"2024-09-20T05:29:08","slug":"procurement-price-calculation-for-fy-2024","status":"publish","type":"blogs","link":"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/","title":{"rendered":"Procurement Price Calculation for FY 2024"},"content":{"rendered":"
\n
\n
\n
Japan Solar Update: No.87\u00a0 (Mar 11 ~ 15, 2024)\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/h6>\n<\/div>\n
\"FIT<\/h6>\n<\/div>\n<\/div>\n

The FIT and FIP prices were presented at the Procurement Price Calculation Committee for FY 2024.<\/p>\n

 <\/p>\n

\n

<Key points><\/span><\/span><\/span><\/strong><\/p>\n

    \n
  • The proposal by committee chairperson concerning procurement price, etc. was compiled and the FIT purchase prices, etc. in FY 2025 were newly presented<\/li>\n
  • The FIT purchase price for < 10 kW PV systems is set at 15 Yen\/kWh (10.2 cents\/kWh), down by 1 Yen\/kWh (0.68 cents\/kWh) from FY 2024<\/li>\n
  • The FIT purchase price and FIP standard price for \u226510 kW rooftop PV systems were set at 11.5 Yen\/kWh (7.81 cents\/kWh), the prices for ground-mounted PV systems were set at 8.9 Yen\/kWh (6.04 cents\/kWh) for 50 – < 250 kW systems and 10 Yen\/kWh (6.79 cents\/kWh) for 10 – < 50 kW systems<\/li>\n
  • The amount equivalent to the charge on the power generation side for projects to be newly approved in FY 2024 and the calculation method, etc. were presented<\/li>\n<\/ul>\n<\/div>\n
    \n

    Proposals by committee chairperson on the FIT purchase price and FIP standard price, etc. <\/strong><\/span><\/p>\n

    for FY 2024 onwards<\/strong><\/span><\/p>\n<\/div>\n

     <\/p>\n

    \"FIT<\/p>\n

    \n

    * For 10 – < 50 kW PV systems, in principle, requirements for approving power sources as locally-used power sources for self-consumption are applied<\/span><\/p>\n<\/div>\n

    \n

    *1\uff1aFor commercial PV systems, even those less than 50 kW are eligible for FIP if certain conditions are met<\/span><\/p>\n<\/div>\n

    \n

    *2\uff1aWhen renewing or adding PV modules, the FIT purchase price\/FIP standard price is maintained for the initial equipment, and the latest FIT purchase price\/FIP standard price is applied to the increased output capacity (prices is calculated based on prorated calculation).<\/span><\/p>\n<\/div>\n

    \n

    *3\uff1aFor FIT purchase price\/FIP standard price, etc. in and after FY 2024 (limited to projects newly approved in and after FY 2024), in case the maximum power received is 10 kW or more, the amount equivalent to the charge on the power generation side will be added.<\/span><\/span><\/p>\n<\/div>\n

    \n

    The amount equivalent to the charge on the power generation side for projects <\/strong><\/span><\/p>\n

    to be newly approved in FY 2024<\/strong><\/span><\/p>\n<\/div>\n

     <\/p>\n

    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    PV<\/div>\n
    <\/div>\n
    <\/div>\n

    \"Equivalent<\/p>\n

     <\/p>\n

    Calculation method and formula were presented for calculating the amount equivalent to the charges on the power producer side<\/p>\n

    \n

    For kW-based charging, the amount of purchased electricity is set based on the approved output capacity and capacity factor<\/span>, and then converted to a unit price per kWh. The amount by which the kW (G) to be fed to the grid on the power producer side exceeds the kW (L) under the wheeling contract on the consumer side (G-L) is charged. Accordingly, the amount obtained by multiplying the approved output capacity by the average of the G-L ratio (ratio of G-L to G) is assumed to be the output capacity subject to charging. For kWh-based charging<\/strong>, the national average unit price is considered.<\/span><\/span><\/p>\n<\/div>\n

     <\/p>\n

     <\/p>\n

    \n

    Standard amount of reserve for demolition, etc. (\u2265 10 kW PV system) etc.<\/p>\n<\/div>\n

    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n
    <\/div>\n

     <\/p>\n

    <\/div>\n
    Same standard amount as FY 2024 is set for FY 2025<\/div>\n

     <\/p>\n

     <\/p>\n

    10 – < 50 kW ground-mounted: 0.60 Yen\/kWh (0.407 cents\/kWh), \u2265 50 kW ground-mounted: 0.62 Yen\/kWh (0.421 cents\/kWh), \u2265 10 kW rooftop: 1.12 Yen\/kWh (0.760 cents\/kWh)<\/span><\/p>\n

     <\/p>\n

    Figure 1: Chairperson\u2019s proposal for the FIT purchase prices and FIP standard prices in FY 2024 onwards Source: Materials of the 93rd meeting of the Procurement Price Calculation Committee (January 29, 2024), compiled by RTS Corporation<\/span><\/p>\n","protected":false},"featured_media":11928,"template":"","blogs_category":[50],"class_list":["post-11930","blogs","type-blogs","status-publish","has-post-thumbnail","hentry","blogs_category-pv-market-trend"],"acf":[],"yoast_head":"\nProcurement Price Calculation for FY 2024 | RTS Corporation<\/title>\n<meta name=\"description\" content=\"Based upon over 40 years of our experiences and accumulated knowledge in PV,RTS Corporation has been providing in RTS Corporation is a leading PV industry \/ market consultingcompany and has been supporting the growth of the PV industry for nearly 40 years.We provide an optimal consulting service for each client interested in the PV business.\u3000Weekly PV news is available at RTS PV Blog.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Procurement Price Calculation for FY 2024 | RTS Corporation\" \/>\n<meta property=\"og:description\" content=\"Based upon over 40 years of our experiences and accumulated knowledge in PV,RTS Corporation has been providing in RTS Corporation is a leading PV industry \/ market consultingcompany and has been supporting the growth of the PV industry for nearly 40 years.We provide an optimal consulting service for each client interested in the PV business.\u3000Weekly PV news is available at RTS PV Blog.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/\" \/>\n<meta property=\"og:site_name\" content=\"RTS Corporation\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-20T05:29:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2024\/03\/FIT-FIP-Price-2024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1066\" \/>\n\t<meta property=\"og:image:height\" content=\"236\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/\",\"url\":\"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/\",\"name\":\"Procurement Price Calculation for FY 2024 | RTS Corporation\",\"isPartOf\":{\"@id\":\"https:\/\/rts-pv-wp.grgr.link\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2024\/03\/FIT-FIP-Price-2024.jpg\",\"datePublished\":\"2024-03-13T23:30:45+00:00\",\"dateModified\":\"2024-09-20T05:29:08+00:00\",\"description\":\"Based upon over 40 years of our experiences and accumulated knowledge in PV,RTS Corporation has been providing in RTS Corporation is a leading PV industry \/ market consultingcompany and has been supporting the growth of the PV industry for nearly 40 years.We provide an optimal consulting service for each client interested in the PV business.\u3000Weekly PV news is available at RTS PV Blog.\",\"breadcrumb\":{\"@id\":\"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/#primaryimage\",\"url\":\"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2024\/03\/FIT-FIP-Price-2024.jpg\",\"contentUrl\":\"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2024\/03\/FIT-FIP-Price-2024.jpg\",\"width\":1066,\"height\":236,\"caption\":\"FIT FIP Price 2024\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"HOME\",\"item\":\"https:\/\/rts-pv-wp.grgr.link\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PV Blog\",\"item\":\"https:\/\/rts-pv-wp.grgr.link\/en\/blog\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Procurement Price Calculation for FY 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/rts-pv-wp.grgr.link\/en\/#website\",\"url\":\"https:\/\/rts-pv-wp.grgr.link\/en\/\",\"name\":\"RTS Corporation\",\"description\":\"Based upon over 40 years of our experiences and accumulated knowledge in PV,RTS Corporation has been providing in\",\"publisher\":{\"@id\":\"https:\/\/rts-pv-wp.grgr.link\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/rts-pv-wp.grgr.link\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/rts-pv-wp.grgr.link\/en\/#organization\",\"name\":\"RTS Corporation\",\"url\":\"https:\/\/rts-pv-wp.grgr.link\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/rts-pv-wp.grgr.link\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2020\/02\/logo-1.png\",\"contentUrl\":\"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2020\/02\/logo-1.png\",\"width\":610,\"height\":88,\"caption\":\"RTS Corporation\"},\"image\":{\"@id\":\"https:\/\/rts-pv-wp.grgr.link\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/rts-corporation\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Procurement Price Calculation for FY 2024 | RTS Corporation","description":"Based upon over 40 years of our experiences and accumulated knowledge in PV,RTS Corporation has been providing in RTS Corporation is a leading PV industry \/ market consultingcompany and has been supporting the growth of the PV industry for nearly 40 years.We provide an optimal consulting service for each client interested in the PV business.\u3000Weekly PV news is available at RTS PV Blog.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/","og_locale":"en_US","og_type":"article","og_title":"Procurement Price Calculation for FY 2024 | RTS Corporation","og_description":"Based upon over 40 years of our experiences and accumulated knowledge in PV,RTS Corporation has been providing in RTS Corporation is a leading PV industry \/ market consultingcompany and has been supporting the growth of the PV industry for nearly 40 years.We provide an optimal consulting service for each client interested in the PV business.\u3000Weekly PV news is available at RTS PV Blog.","og_url":"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/","og_site_name":"RTS Corporation","article_modified_time":"2024-09-20T05:29:08+00:00","og_image":[{"width":1066,"height":236,"url":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2024\/03\/FIT-FIP-Price-2024.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/","url":"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/","name":"Procurement Price Calculation for FY 2024 | RTS Corporation","isPartOf":{"@id":"https:\/\/rts-pv-wp.grgr.link\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/#primaryimage"},"image":{"@id":"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/#primaryimage"},"thumbnailUrl":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2024\/03\/FIT-FIP-Price-2024.jpg","datePublished":"2024-03-13T23:30:45+00:00","dateModified":"2024-09-20T05:29:08+00:00","description":"Based upon over 40 years of our experiences and accumulated knowledge in PV,RTS Corporation has been providing in RTS Corporation is a leading PV industry \/ market consultingcompany and has been supporting the growth of the PV industry for nearly 40 years.We provide an optimal consulting service for each client interested in the PV business.\u3000Weekly PV news is available at RTS PV Blog.","breadcrumb":{"@id":"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/#primaryimage","url":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2024\/03\/FIT-FIP-Price-2024.jpg","contentUrl":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2024\/03\/FIT-FIP-Price-2024.jpg","width":1066,"height":236,"caption":"FIT FIP Price 2024"},{"@type":"BreadcrumbList","@id":"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/11930\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"HOME","item":"https:\/\/rts-pv-wp.grgr.link\/en\/"},{"@type":"ListItem","position":2,"name":"PV Blog","item":"https:\/\/rts-pv-wp.grgr.link\/en\/blog\/"},{"@type":"ListItem","position":3,"name":"Procurement Price Calculation for FY 2024"}]},{"@type":"WebSite","@id":"https:\/\/rts-pv-wp.grgr.link\/en\/#website","url":"https:\/\/rts-pv-wp.grgr.link\/en\/","name":"RTS Corporation","description":"Based upon over 40 years of our experiences and accumulated knowledge in PV,RTS Corporation has been providing in","publisher":{"@id":"https:\/\/rts-pv-wp.grgr.link\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/rts-pv-wp.grgr.link\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/rts-pv-wp.grgr.link\/en\/#organization","name":"RTS Corporation","url":"https:\/\/rts-pv-wp.grgr.link\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/rts-pv-wp.grgr.link\/en\/#\/schema\/logo\/image\/","url":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2020\/02\/logo-1.png","contentUrl":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2020\/02\/logo-1.png","width":610,"height":88,"caption":"RTS Corporation"},"image":{"@id":"https:\/\/rts-pv-wp.grgr.link\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/rts-corporation\/"]}]}},"_links":{"self":[{"href":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-json\/wp\/v2\/blogs\/11930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-json\/wp\/v2\/blogs"}],"about":[{"href":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-json\/wp\/v2\/types\/blogs"}],"version-history":[{"count":36,"href":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-json\/wp\/v2\/blogs\/11930\/revisions"}],"predecessor-version":[{"id":12868,"href":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-json\/wp\/v2\/blogs\/11930\/revisions\/12868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-json\/wp\/v2\/media\/11928"}],"wp:attachment":[{"href":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-json\/wp\/v2\/media?parent=11930"}],"wp:term":[{"taxonomy":"blogs_category","embeddable":true,"href":"https:\/\/rts-pv-wp.grgr.link\/en\/wp-json\/wp\/v2\/blogs_category?post=11930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}