View details here - Time: 23:55 Video up - https://www.youtube.com/watch?v=E2Nx9hgjm60 1. Tariffs decline over time as defined volume “blocks” are fully subscribed 2. Incentivizes and rewards early movers 3. Regulator sets degression rates for next capacity block; clarity for investors 4. Tariffs adjusted over time based on tech and market analysis 5. Prevents windfall revenues for project developer; drives private sector to lower costs
this makes sense an the buy down should be derived from an implicit/expected learning curve or the new rate determined by some external market Fix point. price of reference credits in open market etc. over some period of time.
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