|Year:||2002 (May 16th)|
|Policy status:||In Force|
|Date Effective:||2002 (May 16th)|
|Policy Type:||Regulatory Instruments, Regulatory Instruments>Other mandatory requirements, Policy Support>Institutional creation, Policy Support>Strategic planning|
|Policy Target:||Multiple RE Sources|
|Policy Sector:||Electricity, Framework Policy, Multi-sectoral Policy|
|Size of Plant Targeted:||Small and Large|
|Agency:||Ministry of Economy|
|Legal References:||Law No IX-884;|
The Law on Energy defines renewable energy sources as energy derived from natural resources, such as hydropower, solar and wind energy, biomass energy and energy which flows out from the centre to the surface of the earth, i.e. geothermal energy.
The Law on Energy stipulates also that the efficient use of renewable energy resources is to be promoted by the state and under the jurisdiction of the Ministry of Economy.
The State is to promote the use of renewable energy resources through the provision of soft loans, subsidies and preferential taxes, etc. (financial support).
The Law establishes National Control Commission for Prices and Energy ("Commission") which is responsible for setting purchasing prices of electricity generated from different renewable energy sources (feed-in tariffs). The primary parties to benefit from these guaranteed tariffs are generators which use renewable energy resources for electricity production. hese generators should have access to the electricity network and must be paid according to the guaranteed (supported) tariffs, to ensure long-term security. The Ministry of Economy determinates the order and conditions of connection to the national grid.
|Related policies:||Law on Electricity|
In order to download full text of the Law on Energy of the Republic of Lithuania, please click here.
Last modified: Tue, 20 May 2014 15:17:54 CEST