Section 167: Consideration for renewable purchase obligation.

(1) Where the Commission provides for a renewable purchase obligation, it shall take into consideration the following-
(a) technology being used to generate electricity from renewable energy sources;
(b) assurance of the financial integrity of public utilities; and
(c) net effect of the cost of renewable energy on the end user tariff, in specifying the percentage level of electricity.
(2) A bulk customer permitted by the Commission, shall-
(a) purchase a specified percentage of its total purchase of electricity from renewable energy sources; or
(b) pay to the Commission a premium as determined by the Commission.
(3) The premium payable shall constitute a source of revenue for the Commission under this Act.
(4) For the purposes of this section-
"premium" means the amount payable by the bulk customer instead of the purchase of electricity required under subsection (2) (a); and
"bulk customer" means a customer that purchases or receives electricity from renewable energy sources in the amount or level specified by the Commission.