We proposed a feed-in tariff for renewable energy resources such as wind, solar, and hydro power. What this means is basically that people or companies who produced power from these sources would be paid more for their electricity than non-renewable providers. See our proposal for more details about the practicality and effectiveness of a feed-in tariff as well as more detail on tailoring the solution for Saskatchewan. The intent of this policy mechanism is to stimulate an increase in private investment into these technologies.
If you think of renewable sources of energy you probably think of things like wind turbines, solar panels, biomass plants, and hydroelectric plants. However, these are just examples. What does it mean to be renewable?
A Feed-in-Tariff is a policy mechanism designed to provide an incentive for development of a desired type. Typical implementations of feed-in-tariffs for power generation usually involve guaranteed long term prices for electricity generated and guaranteed grid access. This means that if a person or company builds this type of desired generation, they are guaranteed to be able to sell their power, and guaranteed a minimum price for their power.
The Uranium Development Partnership (UDP) is a ministerial advisory committee established in October 2008 for the purpose of analyzing the economic feasibility of all forms of uranium development in Saskatchewan. On Friday April 3rd, the final report was released to the public containing recommendations to the government of Saskatchewan.
“Wind Power” is the extraction of energy from the wind. Common techniques use a tower with a set of propeller blades that will spin when wind blows against them. Wind power is a renewable form of energy because wind is caused by the uneven heating of the earth by the sun.