Country:Belgium
Year:1996
Policy status:Ended
Jurisdiction:National
Date Effective:1996
Policy Type:Economic Instruments>Fiscal/financial incentives
Policy Target:Multiple RE Sources>Power, Multiple RE Sources
Policy Sector:
Agency:Comission de Régulation de lElectricité et du Gaz (CREG) (to be suppressed)
URL:http://www.creg.be
Funding:Eur 9 million in 1999, Eur 25 million in future years
Description:Based on the 1996 recommendation of the Regulation Commission for Electricity and Gas (CREG), the Rational Use of Energy/Electricity Generation Fund was mainly established to promote efficiency in electricity generation, including renewable energy projects, but also to finance demand-side management (being the main source of revenue for renewable electricity support tariffs). Total funds collected in 1999 amounted to Euro 9 million (for all regions), with a view to this being increased to Euro 25 million in future years. The fund was jointly managed by the electricity generators and the federal Energy Administration. It was used to fund the Green Franc System as well as to support industrial product development and renewable demonstration projects. The Federal government decided to suppress the Gas and Electricity control Committee at the end of 2002: its competence was partly transferred to the federal Regulating Committee for Gas and Electricity, established by way of law in 1999 upon the liberalisation of the energy market.

Last modified: Thu, 16 Aug 2012 11:10:23 CEST