The nature of the cuts became clear this week with an announcement from the Greek Ministry of Environment, Energy and Climate Change (YPEKA) that feed-in tariff rates would be reduced by 40 percent for those projects installed after February 1, 2013 and before January 31st, 2014.
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Carboy explained that in Europe, energy tariffs are "feed-in tariffs, " where customers who produce their own solar energy can sell back surplus power at premium rates.