Feed-in tariffs for Renewable Energy save French millions
Submitted by amyguinan on September 27, 2010 – 11:00pm
Conventional wisdom sometimes suggest that as more renewables are added to a utility’s generating mix, the average cost of electricity increases, but French feed-in tariffs for wind, hydro, biogas and other technologies not only did not cost money in 2008, they also saved French ratepayers five million Euros through the year.
Furthermore, generation from renewables in France increased nearly three fold from 2003 through 2009.
Previous studies in Germany, Denmark, and Spain illustrated the significant monetary benefit when renewables offset conventional generation.