|Year:||2011 (last updated 2015)|
|Policy status:||In Force|
|Date Effective:||2011 (last updated 2015)|
July 2013 - FITs stopped for new projects;
January 2014 - introduction of 20% revenue tax on solar PV and wind operators receiving FITs. Repealed in July 2014;
July 2014 - new tariffs announced for period 2014/2015
March 2015 - FIT scheme limited only to few project types;
July 2015 - retroactive tax of 5% introduced to all power producers, including renewable energy power generators receiving FITs.
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums|
|Renewable Energy Policy Targets:||Solar, Wind, Hydropower, Bioenergy, Biomass for power, Geothermal|
|Size of Plant Targeted:||Small and Large|
|Agency:||State Energy and Water Regulation Commission|
|Legal References:||Energy from Renewable Sources Act|
|Renewable Energy Description:|
Electricity from renewable energy sources shall be purchased by the public provider, and the end suppliers respectively, at the preferential price set by State Energy and Water Regulatory Comission, effective as of the date of commissioning into operation within the meaning of the Territorial Planning Act of the energy project for production of electricity, and for the projects under Article 24, paragraph 1 - as of the date of application for completed mounting of an installation for production of electricity filed with the distribution company according to the procedure under the ordinance as per Article 116, paragraph 7 of the Energy Act.
The State Energy and Water Regulatory Comission shall set on annual basis, by 30 June of each year, preferential prices for purchase of electricity produced from renewable energy sources, with the exception of electricity produced by hydroelectric power plants with installed capacity over 10 MW and more than once a year if there is significant change in the pricing elements. The preferential price of electricity from renewable energy sources shall be determined for the whole period of the purchase contract.
FIT levels for renewable energy power plants applicable from 1st of July 2014 to 1st of July 2015:
For further information please refer to: http://dker.bg/files/DOWNLOAD/res_c-13_14.pdf
On 1st January 2014 Government of Bulgaria introduced a 20% revenue tax on wind and solar power producers. In July 2014 Bulgarian Constitutional Court ruled that this tax is unconstitutional repealing the fee.
On 7th of March 2015 amendments to the Renewable Energy Act and Energy Act in Bulgaria entered into force with the immediate effect limiting feed-in tariff scheme. Starting immediately only power plants using as biomass renewable resource flora and animal residues and power plants with overall installed capacity up to 30 kW which are envisaged to be mounted on roof and facade structures of buildings connected to the electricity distribution grid will be eligible for feed-in tariff support and benefit from mandatory power purchase. Existing operational project will continue to benefit from their respective feed-in tariffs and power purchase agreements (PPAs).
On 22nd of July 2015 a retroactive fee of 5% was imposed on all electricity producers.
|Related policies:||National Renewable Energy Action Plan (NREAP) , National Renewable Energy Action Plan (NREAP) , Renewable and Alternative energy sources and Biofuels Act , Energy from Renewable Sources Act (ERSA)|
Last modified: Tue, 18 Aug 2015 11:20:08 CEST