ECONOMIC ENABLERS.docx - ECONOMIC ENABLERS 3.0 Feed-in...

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ECONOMIC ENABLERS 3.0 Feed-in Tariff (FiT) Feed in Tariff is a scheme established to increase the interests’ of energy providers at all scales of production like for industries, residents or just as a source of income. Besides that, FiT also targets the increment of investments for renewable energy technologies. It achieves this target by offering long-term contracts to renewable energy producers, and these contracts are based on the cost of generation of each technology. The benefits of FiT towards energy producers are: Having long term savings due to the lower electricity bill. Generation Tariff payment, where the producers get incentives for producing renewable energy. Export Tariff payment, where the producers will get paid for the electricity generated from their own renewable energy plant. All in all, Feed-in Tariff system basically helps renewable energy producers regain the money that they have invested for the technology, with guaranteed long-term profits.
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