(1) An electricity distribution utility shall not

(a) negotiate a Power Purchase Agreement with a generator of electricity; and

(b) buy power from a generator of electricity from a renewable energy source without the written approval of the Public Utilities Regulatory Commission.

(2) The Public Utilities Regulatory Commission shall prepare and provide public utilities with guidelines on the level of rates that may be charged by the public utility for electricity generated from renewable energy sources.

(3) The Public Utilities Regulatory Commission shall take into account the

(a) technology being used in the renewable energy industry;

(b) location of the generation facility;

(c) operating norms for the specific technology under consideration;

(d) costs associated with construction, commissioning, operation and maintenance of the plant;

(e) the reasonable rate of return; and

(f) the balance between the interest of the consumer and the investor, in preparing the guidelines.

(4) The feed-in-tariff rate fixed for electricity from renewable energy sources shall be guaranteed for a period of ten years and subsequently be subject to review every two years.

(5)The Public Utilities Regulatory Commission shall, in determining the mechanism for the regulated electricity market, factor into the tariff, the price differential between the purchase price of electricity generated from renewable energy sources and the price of electricity purchased from other sources.

(6) An electricity distribution utility or a bulk customer which contravenes subsection (1) commits an offence and is liable on summary conviction to a fine of ten thousand penalty units.