Slovak Parliament limits support for renewable energy production

On Wednesday, December 15, the Slovak Parliament approved an amendment to the law on support for renewable energy sources that aims to mitigate the impact on retail prices of the mandatory purchase by distributors of electricity produced from renewable energy sources and from combined heat and power production. The draft was submitted by Freedom and Solidarity (SaS) deputy Ľudovít Jurčík.

On Wednesday, December 15, the Slovak Parliament approved an amendment to the law on support for renewable energy sources that aims to mitigate the impact on retail prices of the mandatory purchase by distributors of electricity produced from renewable energy sources and from combined heat and power production. The draft was submitted by Freedom and Solidarity (SaS) deputy Ľudovít Jurčík.

In addition to other issues, the amendment changes the terms of price support for solar electricity production. The bill limits support for solar energy to rooftop and wall-mounted sites with a maximum installed capacity of 100 kilowatts. “The proposal reduces the impact potentially caused by excess photovoltaic power installation on the final price,” the accompanying report to the draft states, as quoted by the SITA newswire. The draft should enable the regulatory authority to reduce the wholesale price of power generated using renewable sources by more than the currently permitted 10 percent, for example when the cost of equipment decreases. According to Economy Minister Juraj Miškov, the approved legislation is intended to prevent speculative capital from flowing into the Slovak renewable energy market in order to benefit from weak regulation.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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