What Is Electric Tariff Incentive Program?

The Electricity Tariff Incentive Program ETIP was introduced in collaboration with the Abu Dhabi Distribution Company to promote investments and competition in the industrial sector. The program offers attractive incentives to small and medium businesses for establishing or expanding their businesses. The program’s main objectives are to create jobs and spur economic development in the country.

Electricity tariff incentive program:

The electricity tariff incentive program is an Abu Dhabi Department of Economic Development initiative. It aims to enhance the competitiveness of the industrial sector in the Emirate. This program will offer incentives to small and medium enterprises and help them increase their productivity and energy efficiency and reduce costs.

Solar tariff generation units:

The electricity tariff incentive program for solar tariff generation units (SETGU) allows electric distribution companies to provide financial incentives for installing solar-powered energy systems. However, there are certain requirements for SETGU projects. The first step is to submit a statement of qualification application (SQA) for the project, which must be completed by the owner or developer of the solar system. The process for submitting an SQA is described in the “apply” tab on the program’s website.

Vacant premises:

The electricity tariff incentive program for vacant premises is designed to help revitalize vacant commercial spaces. These vacant buildings detract from the economic vitality of local business districts and under-utilize electric infrastructure. The program provides incentives to vacant properties that are eligible for adaptive reuse. To apply, an eligible property owner or prospective tenant must complete an Application for Service.

Business incubators:

Entrepreneurs can access support programs, including business incubators, with the national electricity tariff incentive program. Using these services, entrepreneurs can launch new businesses and create jobs in their communities. Business incubators also help businesses develop new technology.

Review by commissions:

Before an electricity tariff incentive program becomes effective, it must be reviewed by the utility commissions of the states it will affect. The commissions will either approve or deny the program. The process will include public hearings, comments, briefs, discoveries, workpapers, expert testimony, and rebuttal testimony. These documents will provide detailed information on the proposed program. They will also be reviewed and modified if necessary. These are some important things you need to know about ETIP.