Feed in tariff - Revision history

Jmdonev: 1 revision imported

2026-07-02T20:55:27Z

1 revision imported

← Older revision	Revision as of 20:55, 2 July 2026
(No difference)

energy>Jmdonev at 17:57, 25 June 2026

2026-06-25T17:57:09Z

← Older revision		Revision as of 17:57, 25 June 2026
Line 1:		Line 1:
	[[Category:Done ~~2016-04-30]]~~		[[Category:Done 2026-07-01]]
	~~[[File:Feed-in Tariff- Wind+Solar.jpg\|500px\|thumb\|right\|Figure 1. A wind and solar farm.<ref>Pixabay [Online], Available: https://pixabay.com/en/solarpark-wind-park-renewable~~-~~energy~~-~~1288842/.</ref>~~]]		<onlyinclude>The aim of a '''feed-in tariff (FIT)''' is to encourage the use of [[renewable energy\|renewable]] technology for the generation of [[electricity]]. To encourage this behavior, governments guarantee electricity generation firms a '''long-term contract''' with a '''fixed price''' for each [[kilowatt hour]].</onlyinclude><ref>H. Roby. (2013). ''A Supplementary Dictionary of Renewable Energy and Sustainability.'' [Online], Available: http://www.oxfordreference.com/view/10.1093/acref/9780199654581.001.0001/acref-9780199654581-e-98?rskey=UNXLhD&result=1 [May. 29, 2016].</ref>
	<onlyinclude>The aim of a '''feed-in tariff (FIT)''' is to encourage the use of [[renewable energy\|renewable]] technology for the generation of [[electricity]]. To encourage this behavior, governments guarantee electricity generation firms a long-term contract with a fixed price for each [[kilowatt hour]].</onlyinclude><ref>H. Roby. (2013). ''A Supplementary Dictionary of Renewable Energy and Sustainability.'' [Online], Available: http://www.oxfordreference.com/view/10.1093/acref/9780199654581.001.0001/acref-9780199654581-e-98?rskey=UNXLhD&result=1 [May. 29, 2016].</ref> Having a long term contract with a guaranteed price, that is higher than the average price per [[kWh]], means that firm using renewable technologies can operate with less vulnerability to changes in the [[market]]. By guaranteeing a certain price, the policy promotes and accelerates investment in renewable technologies because it is profitable to do so under a FIT agreement. A stable [[price]] coupled with a digression scheme, by which the guaranteed price is reduced over time, both reduces the risk to [[investor]]s and prevents the overpayment for electricity as renewable technology progresses and becomes more efficient.<ref>C. Mitchell. ''The Political Economy of Sustainable Energy.'' London: Palgrave MacMillian, 2008, pp.182.</ref>

	An FIT also has the goal of lowering the cost of renewable energy in the long run as more and more firms are encouraged to [[generate electricity]] using renewable methods. One way to do this is to focus on a number of different technologies such as [[wind power \| wind]], [[solar power \| solar]], [[~~Hydroelectricity \| hydroelectric~~]] and [[Geothermal electricity \| geothermal]].<ref>M. Mendonca, D. Jacobs and B. Sovacool. ''Powering the Green Economy: The Feed-in Tariff Handbook.'' London: Earthscan, 2010, pp. 16.</ref> By diversifying the number of generation methods, the FIT can compensate for [[Dispatchable source of electricity \| dispatchability]] issues. For example, the wind does not blow all the time so there is an [[intermittent electricity\|intermittent flow of electricity]] from [[wind farm]]s. Having other firms produce electricity through different methods and technologies such as hydroelectric or solar can make up for a shortage in electricity supplied from wind farms. The stability gained from varying the ways in which electricity is generated stabilizes market prices and protects consumers from both sharp price increases and shortfalls in the supply of electricity while reducing [[emissions]] produced from electricity generation.		Having a long term contract with a guaranteed price (specifically a price that is higher than the average price per [[kWh]]) means that the firm using renewable technologies can operate with ''less vulnerability to changes in the [[market]]''. By guaranteeing a certain price, the policy promotes and accelerates investment in renewable technologies because the '''FIT''' agreement makes it more profitable. A stable [[price]] coupled with a digression scheme (meaning the guaranteed price is reduced over time) reduces the risk to [[investor]]s and prevents the overpayment for electricity as renewable technology progresses and becomes more efficient.<ref>C. Mitchell. ''The Political Economy of Sustainable Energy.'' London: Palgrave MacMillian, 2008, pp.182.</ref>[[File:Feed-in Tariff- Wind+Solar.jpg\|500px\|thumb\|Figure 1. A wind and solar farm.<ref>Pixabay [Online], Available: https://pixabay.com/en/solarpark-wind-park-renewable-energy-1288842/.</ref>\|center]]A FIT also has the goal of lowering the cost of renewable energy in the long run as more and more firms are encouraged to [[generate electricity]] using renewable methods. One way to do this is to focus on a number of different technologies such as [[wind power \|wind]], [[solar power \|solar]], [[ hydroelectricity]] and [[Geothermal electricity \|geothermal]].<ref>M. Mendonca, D. Jacobs and B. Sovacool. ''Powering the Green Economy: The Feed-in Tariff Handbook.'' London: Earthscan, 2010, pp. 16.</ref> By diversifying the number of generation methods, the FIT can compensate for [[Dispatchable source of electricity \|dispatchability]] issues. For example, the wind does not blow all the time so there is an [[intermittent electricity\|intermittent flow of electricity]] from [[wind farm]]s (see Figure 1). Having other firms produce electricity through different methods and technologies such as hydroelectric or solar can make up for a shortage in electricity supplied from wind farms. The stability gained from varying the ways in which electricity is generated stabilizes market prices and protects consumers from both sharp price increases and shortfalls in the [[supply]] of electricity while reducing [[emissions]] produced from electricity generation.

			== For Further Reading ==

			* [[Market]]
			* [[Price]]
			* [[Dispatchable source of electricity]]
			* [[Intermittent electricity]]
			* Or explore a [[Special:Random\|random page]]

	==References==		==References==
	{{reflist}}		{{reflist}}
			[[Category: Uploaded]]

Jmdonev: 1 revision imported: From the summer

2016-09-17T22:29:21Z

1 revision imported: From the summer

← Older revision	Revision as of 22:29, 17 September 2016
(No difference)

Jmdonev at 19:51, 1 June 2016

2016-06-01T19:51:14Z

New page

[[Category:Done 2016-04-30]]
[[File:Feed-in Tariff- Wind+Solar.jpg|500px|thumb|right|Figure 1. A wind and solar farm.<ref>Pixabay [Online], Available: https://pixabay.com/en/solarpark-wind-park-renewable-energy-1288842/.</ref>]]
<onlyinclude>The aim of a '''feed-in tariff (FIT)''' is to encourage the use of [[renewable energy|renewable]] technology for the generation of [[electricity]]. To encourage this behavior, governments guarantee electricity generation firms a long-term contract with a fixed price for each [[kilowatt hour]].</onlyinclude><ref>H. Roby. (2013). ''A Supplementary Dictionary of Renewable Energy and Sustainability.'' [Online], Available: http://www.oxfordreference.com/view/10.1093/acref/9780199654581.001.0001/acref-9780199654581-e-98?rskey=UNXLhD&result=1 [May. 29, 2016].</ref> Having a long term contract with a guaranteed price, that is higher than the average price per [[kWh]], means that firm using renewable technologies can operate with less vulnerability to changes in the [[market]]. By guaranteeing a certain price, the policy promotes and accelerates investment in renewable technologies because it is profitable to do so under a FIT agreement. A stable [[price]] coupled with a digression scheme, by which the guaranteed price is reduced over time, both reduces the risk to [[investor]]s and prevents the overpayment for electricity as renewable technology progresses and becomes more efficient.<ref>C. Mitchell. ''The Political Economy of Sustainable Energy.'' London: Palgrave MacMillian, 2008, pp.182.</ref>

An FIT also has the goal of lowering the cost of renewable energy in the long run as more and more firms are encouraged to [[generate electricity]] using renewable methods. One way to do this is to focus on a number of different technologies such as [[wind power | wind]], [[solar power | solar]], [[Hydroelectricity | hydroelectric]] and [[Geothermal electricity | geothermal]].<ref>M. Mendonca, D. Jacobs and B. Sovacool. ''Powering the Green Economy: The Feed-in Tariff Handbook.'' London: Earthscan, 2010, pp. 16.</ref> By diversifying the number of generation methods, the FIT can compensate for [[Dispatchable source of electricity | dispatchability]] issues. For example, the wind does not blow all the time so there is an [[intermittent electricity|intermittent flow of electricity]] from [[wind farm]]s. Having other firms produce electricity through different methods and technologies such as hydroelectric or solar can make up for a shortage in electricity supplied from wind farms. The stability gained from varying the ways in which electricity is generated stabilizes market prices and protects consumers from both sharp price increases and shortfalls in the supply of electricity while reducing [[emissions]] produced from electricity generation.

==References==
{{reflist}}