BENEFITS OF FEED-IN-CREDIT REWARDS
Feed-In-Credit-Rewards are an extension of RIGRID subscriptions. Not everyone who is interested in sustainable energy is willing to co-locate within the RIGRID service area or able to use up all of their allocations.
The marginal revenue of renewable energy is ₦0 if it is not immediately used or stored. FICR are our way of adding value to your investment in a more sustainable economy.
- To earn FICR, you must complete the FICR application:
- agree to a long-term RIGRID PRIME subscription and prepay for the entire period, and
- agree to allocate part or whole of your energy allowance for our use.
- FICR rates may depend on the
- location, capacity and technology of each facility;
- costs of alternative energy sources;
- size allocated to our use; and
- time of use.
We offer guaranteed purchase agreements for periods up to 20 years.