【Basic Knowledge】What is the "FIP system" aimed at promoting renewable energy sources?

A significant step towards the early realization of renewable energy as a main power source! Introducing the differences from the "FIT system" and more.

Many of you may already know that in 2012, the "FIT system" was established as a measure to promote the introduction of renewable energy. The FIT system (Feed-in Tariff system for renewable energy) is a system that mandates electricity providers to purchase electricity generated from renewable energy sources such as solar, wind, hydro, geothermal, and biomass at a price set by the government for a certain period. This system has rapidly accelerated the introduction of renewable energy, but as a new measure towards Japan's goal of "carbon neutrality by 2050," the "FIP system," which is market-linked, was introduced in April 2022 in addition to the "FIT system." This article introduces the "FIP system." [Contents] ■ What is the "FIP system"? ■ Effects of the "FIP system" on the electricity market ■ Summary *For more details, please refer to the related links or feel free to contact us.

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