1.

Aren’t Fits Just Another Form Of Subsidy?

Answer»

No. FITs do not subsidize the purchase or installation of the equipment used to produce renewably GENERATED electricity, nor do FIT payments come from taxpayers. Subsidies are creative payment schemes used to offset or reduce the true of electricity, and are typically funded by TAX payers rather than by electricity consumers (eg: certain corporate tax credits/exemptions and research tax credits for natural gas fracking), much like the way we pay for construction of coal/nuclear/gas plants, or the disposal of nuclear waste, separately from buying the electricity.

Feed-in-Tariffs are an all-in nothing-hidden price for electricity as it is delivered: it’s called a “tariff” because it doesn’t get paid until the electricity is used. Other forms of electricity are heavily subsidized by many different collaborative funding mechanisms (some estimates top $3.5 Trillion/yr globally). Renewable ENERGY that is purchased through a FIT contract has a fully disclosed price that is paid only on delivery: if no electricity is delivered, then they don’t get paid, and REGARDLESS, they get no subsidies.

No. FITs do not subsidize the purchase or installation of the equipment used to produce renewably generated electricity, nor do FIT payments come from taxpayers. Subsidies are creative payment schemes used to offset or reduce the true of electricity, and are typically funded by tax payers rather than by electricity consumers (eg: certain corporate tax credits/exemptions and research tax credits for natural gas fracking), much like the way we pay for construction of coal/nuclear/gas plants, or the disposal of nuclear waste, separately from buying the electricity.

Feed-in-Tariffs are an all-in nothing-hidden price for electricity as it is delivered: it’s called a “tariff” because it doesn’t get paid until the electricity is used. Other forms of electricity are heavily subsidized by many different collaborative funding mechanisms (some estimates top $3.5 Trillion/yr globally). Renewable energy that is purchased through a FIT contract has a fully disclosed price that is paid only on delivery: if no electricity is delivered, then they don’t get paid, and regardless, they get no subsidies.



Discussion

No Comment Found