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May 2, 2020 20:05
4 yrs ago
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English term

two-sided sliding feed-in premium

English to Polish Tech/Engineering Engineering (general)
The support comes in the form of a two-sided sliding feed-in premium for 15 years.

Rynek mocy w Polsce

Discussion

geopiet May 3, 2020:
In this section .. ...you can read and download all the AURES II Case Studies. - http://aures2project.eu/case-studies/
geopiet May 3, 2020:
URE tłumaczy, jak wejść do systemów FIT/FIP, https://gramwzielone.pl/trendy/32051/ure-tlumaczy-jak-wejsc-...
geopiet May 3, 2020:
system dopłat do ceny rynkowej FIP (feed-in premiu W związku z wejściem w życie w lipcu 2018 r. przepisów ustawy o zmianie ustawy o odnawialnych źródłach energii oraz niektórych innych ustaw, zostały wprowadzone m.in. nowe formy wsparcia wytwarzania energii elektrycznej z odnawialnych źródeł energii – tzw. system taryf gwarantowanych FIT (feed-in-tariff) oraz system dopłat do ceny rynkowej FIP (feed-in premium).

- https://biznesalert.pl/ure-2018-podsumowanie-rynek-mocy-aukc...

Reference comments

4 hrs
Reference:

Kontrakt różnicy kursowej, kontrakt różnic kursowych, kontrakt na różnice kursowe, kontrakt CFD

Sliding feed-in premium (sliding FIP) – also known as Contract for Difference (CfD)

Under a sliding FIP scheme, the support paid to an awarded project will consist of the difference between the winning price and a reference electricity price. The reference electricity price is usually defined as the average electricity market value of plants in the same technology category over a given period. If averaging periods are very short (i.e. one hour), a sliding FIP behaves like a FIT with regard to the risk profile faced by the producer. If averaging periods are longer (i.e. one or several months), project operators face a higher exposure to market risks. We recommend that averaging periods be sufficiently long, i.e. at least 1-3 months .
If the sliding FIP is allocated through an auction, projects bid on a total remuneration level (€c/kWh), and the support level is determined ex-post depending on reference electricity prices.

A Contract for Difference (CfD), such as for instance applied in the UK, is a special case of sliding FIP in which the winning price also constitutes a remuneration ceiling. RES installations are required to pay back their income to the regulator for times in which the reference electricity price was higher than their bid price.

A sliding FIP provides significantly more security about future income streams to the plant operator than a fixed FIP. The risk of Winner’s Curse is lower than under other award types, as bidders do not have to incorporate as many insecure elements into the calculation of their bid prices. At the same time, once the plant is in operation, the operator still has an incentive to produce at times when electricity prices are high, assuming sufficiently long averaging times for reference electricity prices. Producers will only know the exact amount of the premium ex-post, when the average market value over the defined time frame is known. At times of negative prices, producers react in a similar fashion as under a fixed FIP, continuing their production until the price becomes lower than the negative value of the expected premium. The regulator bears some risk in case electricity prices decrease, as support levels fluctuate with changes in electricity market prices. At the same time, the regulator does not risk having to pay for overcompensation such as under a fixed FIP.

http://aures2project.eu/glossary-terms/fip-fixed-or-sliding/

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In finance, a contract for difference (CFD) is a contract between two parties, typically described as "buyer" and "seller", stipulating that the buyer will pay to the seller the difference between the current value of an asset and its value at contract time (if the difference is negative, then the seller pays instead to the buyer - https://en.wikipedia.org/wiki/Contract_for_difference
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