Parliament passes major amendment to green energy support legislation

The state will no longer automatically pay a lump-sum premium for renewable energy.

One of few wind turbines in Slovakia,One of few wind turbines in Slovakia,(Source: Sme)

Parliament has approved a major amendment to the Act on Support for Renewable Energy Sources (RES) and Highly Efficient Cogeneration (CHP) on October 17.

“This is basically a new structure for RES support. The state will no longer automatically pay a lump-sum premium for renewable energy,” said Economy Minister Peter Žiga, as cited by the TASR newswire.

“The priority of the amendment is to ensure cost-effectiveness with a minimum impact on the end-user price for energy". The ministry introduced the draft bill in mid-May of this year.

Read also:Slovakia is revamping support of renewable energy sources Read more 

Based on the new legislation, electricity produced from new RES and CHP will be supported only through auctions. Rights of existing producers would be preserved, but support would be limited for new installations. For new bigger facilities with an installed capacity of over 500 kilowatts, the new rules will introduce an auction where the state will choose a facility for the production of electricity from the renewable sources it would support. The final price will be the result of a competition. The current setting of the support system will be replaced by centralisation through a single buyer. A single clearing agent will also be established.

The Economy Ministry has also decided to introduce a rebate for energy-intensive businesses in the amendment. This is supposed to reduce their electricity costs. As Žiga said, this compensation should be transparent and non-discriminatory, available for all applicants who qualify for the compensation within the approved limit for the relevant budgetary period. It is estimated that this should concern about 200 enterprises. Compensation will amount to about €80 million euros annually from the state budget.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Theme: Energy


Top stories

Triple coalition PS/Spolu/Za Ľudí? Not for now

Kiska said no, but there are talks about a broader pre-election coalition across opposition parties.

Left to right: Igor Matovič (OĽaNO), Ondrej Dostál (OKS), Richard Sulík (SaS), Miroslav Beblavý (Spolu), Michal Truban (PS), Andrej Kiska (Za Ľudí), Alojz Hlina (KDH)

Judge steps down for exchanging messages with Kočner

Several people have resigned after appearing in the Threema communication so far.

David Lindtner

Prosecutor brings charges against Kočner in the Kuciak murder case

Apart from Kočner, three other people were formally charged.

Ján Kuciak and Martina Kušnírová were commemorated in Bratislava on August 26.

Blog: AI and Slovakia: Labor costs to become less important

Which policy challenges and risks will AI bring to converging economies, such as Slovakia? Vladimir Zlacký, Founder of LookingEast.eu, offers an interesting answer.