Renewable-Energy Law: Energy Policy Act of 2005, Feed-In Tariff, Feed-in Tariffs in Australia, Financial Incentives for Photovoltaics, New York Energy
- ISBN-10
- 1230486976
- ISBN-13
- 9781230486970
- Pages
- 44
- Language
- English
- Published
- 2013-09
- Publisher
- University-Press.org
- Author
- Source Wikipedia
Description
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 26. Chapters: Energy Policy Act of 2005, Feed-in tariff, Feed-in tariffs in Australia, Financial incentives for photovoltaics, New York energy law, Public Law 110-343, Renewable energy law, Renewable energy law in Pennsylvania, Renewable portfolio standard. Excerpt: A feed-in tariff (FIT, standard offer contract advanced renewable tariff or renewable energy payments) is a policy mechanism designed to accelerate investment in renewable energy technologies. It achieves this by offering long-term contracts to renewable energy producers, typically based on the cost of generation of each technology. Technologies such as wind power, for instance, are awarded a lower per-kWh price, while technologies such as solar PV and tidal power are offered a higher price, reflecting higher costs. In addition, feed-in tariffs often include "tariff degression," a mechanism according to which the price (or tariff) ratchets down over time. This is done in order to track and encourage technological cost reductions. The goal of feed-in tariffs is to offer cost-based compensation to renewable energy producers, providing the price certainty and long-term contracts that help finance renewable energy investments. FITs typically include three key provisions: Under a feed-in tariff, eligible renewable electricity generators (which can include homeowners, business owners, farmers, as well as private investors) are paid a cost-based price for the renewable electricity they produce. This enables a diversity of technologies (wind, solar, biogas, etc.) to be developed, providing investors a reasonable return on their investments. This principle was first explained in Germany's 2000 RES Act: "The compensation rates...have been determined by means of scientific studies, subject to the provision that the rates identified should make it possible for an installation -...
