1 / 13

Feed In Tariffs A Policy for Rapidly Expanding Renewable Energy Deployment

Feed In Tariffs A Policy for Rapidly Expanding Renewable Energy Deployment. What is a Feed In Tariff?. Feed In = “ feed ing electricity in to the grid” Tariff = “the price paid for electricity”

lance
Télécharger la présentation

Feed In Tariffs A Policy for Rapidly Expanding Renewable Energy Deployment

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Feed In Tariffs A Policy for Rapidly Expanding Renewable Energy Deployment

  2. What is a Feed In Tariff? • Feed In = “feeding electricity into the grid” • Tariff = “the price paid for electricity” • Establishes fixed premium prices for sale of renewable electricity generation, using standard long-term contracts • Available to anyone who connects an eligible power generator to the electricity grid

  3. Feed In Tariffs or FITs • FITs - The most widely used renewable energy policy in the world • As of September 2009, 48 nations had FIT policies • As of 2008, 45 % of all global wind development and 75% of all world solar PV capacity developed under FIT policies

  4. Where have FITs been used successfully? Germany • Between 2000 – 2009 Germany added 20,000 MW of Wind Power and 8,700 MW of Solar PV, creating 300,000 new jobs

  5. . Where have FITs been used successfully? Italy • Italy’s FIT began in 2007 • With 1/5 the US population, Italy has installed 2.4 times MORE solar PV than the USA since 2008. • Italy’s solar PV capacity now exceeds the USA by 1.5 times.

  6. Total Solar PV Installed Capacity Italy & USA (Megawatts) FIT Begins in Italy

  7. Where have FITs been used successfully? Ontario • Fit program began in 2009 • Ontario’s installed PV capacity increased from 2 MW to 48 MW in one year. • Over 2600 MW of renewables under contract as of Nov. 2010 • Expected to have largest solar PV market in North America by 2012

  8. How Successful FITs Work T.L.C. Transparency – purchase agreements using standard offer contracts with established fixed rates Longevity – long-term power purchase contracts (10 – 40 years) Certainty– Fixed prices, long-term contracts, guaranteed access to the grid Plus Rates based on costs of generating power plus a reasonable return on investment

  9. Who is Eligible to Sell Power? Anyone with an eligible renewable energy facility: • Farmers • Homeowners • Small Businesses • Large Businesses • Non-profits • Industry • Public Agencies • Electric Utilities • Etcetera

  10. Setting FIT Prices • FIT payment level based on technology • FIT prices adjust over time • Costs of FIT payments passed onto ratepayers through each utility’s general rates

  11. Advantages of FIT Policies • Accelerates development of Renewable Energy & lowers costs and risks for investors through T.L.C. • Creates in-state distributed generation • Creates local economic development in all regions of state • Ensures renewable energy will be developed in-state • Can support in-state manufacturing of RE equipment and use of in-state labor

  12. FITs and RPS – Complementary Policies • RPS sets the goal • FIT provides a powerful mechanism to achieve the goal • FIT ensures local economic development and distributed generation • RPS ensures utilities are proactive investing in renewables • Economic benefits distributed across all regions of Kentucky

  13. FITs lead us toward our ultimate goals… …by greatly accelerating renewable energy development …and establishing a long-term commitment to a renewable energy economy.

More Related