The Government has implemented measures to encourage the development of more efficient or carbon free electricity production, including cogeneration, small hydroelectric production and generation using other renewable energy sources. The formula for payments of capacity and energy supplied to the grid by new cogenerators was set in 1999. Monthly payments are a function of performance of the undertaking and of criteria for availability; an environment premium is added if thermal efficiency of the plant is at least equal to the most efficient combined-cycle. As with efficient electricity generation, the legislation approved for the payments of electricity from renewables is based on a market value associated to the environmental benefits (avoided carbon) obtained from renewable based electricity.
|This record is superseded by:||New Tariffs for Renewables|
Last modified: Thu, 14 Mar 2013 16:41:28 CET