Time and time again it has been shown that implementing a Feed in Tariff policy is the single most effective way of boosting the Renewable Energy share in a country’s, state’s or region’s energy mix.
First introduced in the USA in 1978 under the Public Utilities Regulatory Policy Act (PURPA), the Feed in Tariff policy has developed and grown to become an integral part of 59 country’s energy legislation. Energy Ministers and policymakers have learnt a lot from Germany’s Feed in Tariff (introduced in 1990), which brought in the idea of “differentiated tariffs” (different tariffs for different technologies) and “stepped tariffs” (different tariffs for different sizes of the same technology), which take into account the lower costs of economies of scale. Germany also introduced the idea of “degression”, which means that tariffs reduce each year as a way of stimulating installers, manufacturers and other market players into reducing their costs.
The Feed in Tariff is geared up towards reaching grid parity, that magical moment where a Renewable Energy technology becomes price competitive with traditional energy sources such as coal, gas and oil and at which point it becomes a simple economic choice to abandon fossil fuels. For certain countries, this change may only take 2-3 years.
Global Feed in Tariffs was set up in April 2010 with the aim of providing information to anyone globally wanting to find out about the FiT policy. Released today is the basis of a resource which will grow and grow with time into one of the most comprehensive Feed in Tariff resources worldwide. It provides information on each of the 59 country or state-wide Feed in Tariffs in operation today and also looks at those countries which will shortly be added to the list of 59. The resource will be updated daily in order to provide an as accurate and reliable information source as possible.
For more information please visit http://www.globalfeedintariffs.com/