|Year:||2007 (August 22nd)|
|Date Effective:||2007 (August 22nd)|
|Date Ended:||2009 (March 14th)|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums|
|Renewable Energy Policy Targets:||Multiple RE Sources, Wind, Hydropower, Bioenergy|
|Agency:||Ministry of Economy|
|Legal References:||Cabinet Regulation No. 503 of 24 July 2007 “Regulations regarding Electricity Production from Renewable Energy Resources”|
|Renewable Energy Description:|
The regulation states that the public trader is obliged to purchase electricity generated from renewable energy sources from those electricity producers who have received the right to sell electricity under the mandatory procurement process.
In order to qualify for the right to sell electricity from wind power plants (larger than 0.25 MW), the producers shall participate in a competition organised by the Ministry of Economics. The selected producers will receive 10 year contracts from the Ministry.
|Related policies:||Electricity Market Law|
|This record is superseded by:||Regulations Regarding the Production of Electricity Using Renewable Energy Resources and the Procedures for the Determination of the Price (2009)|
Last modified: Mon, 22 Jul 2013 12:44:18 CEST