Graph of the Day: RE Tariff based mechanism in 2013

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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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