A payment made to households or businesses generating their own electricity through the use of methods that do not contribute to the depletion of natural resources, proportional to the amount of power generated.
More example sentences
- Under the German system of "feed-in tariffs", anyone generating electricity from solar panels, wind or hydro is guaranteed a payment of four times the market rate for 20 years.
- Home owners know exactly what they will be paid for selling their surplus electricity to the national grid - the "feed-in tariff", as it is called.
- Recently the Greens have been advocating for feed-in tariffs - a statutary minimum price electricity retailers must pay generators - as a policy for promoting renewable energy.