The authors estimate the value of the induced transfer to renewable energy producers, based on the weighted average “green" tariff for production of electricity from renewable energy sources (biogas, solar, wind energy), using data provided in the ANRE Annual Reports. According to ANRE, tariff methodologies specify the formula and all components included in the formula (including the sources where all the components can be found) and it is clear to all regulated utilities what level of rate of return they can expect during the regulatory period. In other words, electricity reference prices were set to account for the cost of production, transmission and distribution, but no other costs, such as allowances for building new capacity. They were determined using reference prices for fossil fuels and annual average fuel efficiencies for power generation.