|Year:||2011 (last amended mid-2015)|
|Policy status:||In Force|
|Date Effective:||2011 (last amended mid-2015)|
January 2014 - introduction of 20% revenue tax on solar PV and wind operators receiving FITs. Repealed in July 2014;
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:||Policy Support>Institutional creation, Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums, Economic Instruments>Fiscal/financial incentives>Taxes|
|Renewable Energy Policy Targets:||Multiple RE Sources, All|
|Policy Sector:||Electricity, Multi-sectoral Policy|
|Size of Plant Targeted:||Small and Large|
|Agency:||Ministry of Economy, Energy and Tourism;Agency for Sustainable Energy Development|
|Renewable Energy Description:|
In May 2011 the Energy from Renewable Sources Act entered into force. This Act implements the requirements of European Directive 2009/28 for the promotion of the use of energy from renewable sources.
The Act created legal basis for the feed-in tariff support system.
On 5 December 2013, the Bulgarian Parliament approved an amendment of the renewable energy law intended to decrease the amounts paid to renewable energy producers under the long-term power purchase agreements.
The main provisions of the amendment are:
The provisions applied from 1st of January 2014.
On 31st of July 2014 Bulgaria’s Constitutional Court ruled that amendment as unconstitutional.
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 amendments to the Renewable Energy Act and Energy Act were introduced imposing a retroactive fee of 5% was imposed on all electricity producers.
|Related policies:||Ordinance on the vocational education for “fitters of energy equipment and installations” , Energy Act , Feed-in tariffs (FITs) for electricity from renewable sources|
|This record supersedes:||Renewable and Alternative energy sources and Biofuels Act|
Last modified: Tue, 18 Aug 2015 11:24:07 CEST