• feed-in tariff

    (Einspeisevergütung) Under the → Renewable Energy Act, the German government introduced → feed-in tariffs for renewable power. This meant that owners of renewable energy installations – from home PV arrays to large-scale solar and wind farms – were guaranteed a set, above-market price per kWh for the power they fed into the grid over a period of 20 years. With subsequent reform, this has been replaced by an auction system for new installations over a certain size (see → deployment corridor, and → Renewable Energy Act). Germany’s system of feed-in tariffs has been copied in other countries around the world.