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What should be in a good FIT law?
Note that if you are unsure whether a Feed-In Tariff law is appropriate for your country or region, please check our recommendations for before you start drafting.
A good FIT law has two main objectives and several supplementary objectives.
The Access Objective
Grid operators are obliged to connect renewable energy producers to the grid, whether the producers are utilities, other businesses or private households, and must transmit the electricity they produce. To achieve the Access Objective, grid-related features need enacting.
The Price Objective
The price for the electricity produced is set at a level and for a period that guarantees a reasonable return on investment. To achieve the Price Objective, economic and financial features need enacting.
Supplementary Objectives
The Supplementary Objectives are important for the fine-tuning of the FIT law. To achieve them, additional features need enacting.