Graph of the Day: RE Tariff based mechanism in 2013

Solar mappp

RE auction schemes are also referred to as demand auctions or reverse auctions or procurement auctions (as opposed to supply auctions). They are different from other tariff-based support schemes (FIT or FIP) in that only selected RE-based electricity generators benefit from the support tariff, and the tariff level is based on the prices indicated by the project developers in their bids during the auction process.

Source: IRENA


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