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Preferential feed-in tariff
Preferential feed-in tariff is the rate at which the government or a government agency buys electricity produced from renewable sources. It is a mechanism designed to promote production of energy from renewable sources. Individuals or investors who set up solar power panels, for instance, sell excess electricity to the operator at rates higher than market average.
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- Part of Speech: noun
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- Industry/Domain: Energy
- Category: Renewable energy
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