Incentive Auction
How’s the Water?
This year’s GA-FIT auction was focused in the Ichawaynochaway Creek Basin, and one of the contract options is closely tied to flow levels in the creek. Option C pays participants a standby fee at the beginning of the growing season. If flows fall below a certain level in the creek, the contract requires irrigation suspension…
Read MoreAdvisory Board Reviews 2022 Auction Results
On May 5, the GA-FIT Advisory Board met to review the results of the 2022 Incentive Auction. Results were presented by the project team, and the Board discussed the findings. Overall, the auction was a success in terms of recruitment, outreach, participation, and information gathered. We expect that the execution of incentive contracts selected from…
Read More2022 Auction: A Big Success!
In March 2022, GA-FIT held its first auction for voluntary irrigation suspension incentives. The results affirmed strong interest in exploring this type of incentive. The auction and contracting for incentives gave us real-world experience and lessons learned that will guide future planning and policy. The data gathered from the bidding has informed us about the…
Read More