also: こていかかくぜんりょうかいとりせいど
noun
feed-in tariff; fixed-price purchase system
A policy under which electric utilities are obligated to purchase all electricity generated from renewable sources at a fixed price for a set period. Often abbreviated as FIT.
日本では2012年に固定価格買取制度が導入された。
The feed-in tariff system was introduced in Japan in 2012.
固定価格買取制度のおかげで太陽光発電が急速に普及した。
Thanks to the feed-in tariff system, solar power generation spread rapidly.
Variant with mixed okurigana in 買取り.
Compound of 固定 (fixed) + 価格 (price) + 全量 (total amount) + 買取 (purchase) + 制度 (system). A calque of English 'feed-in tariff'.