|Policy Type:||Economic Instruments>Market-based instruments>Green certificates, Regulatory Instruments>Obligation schemes|
|Policy Target:||Energy Sector>Electricity Generation>Renewable, Framework/ Multi-sectoral Policy|
|Agency:||Gestore dei Servizi Energetici|
|Legal References:||Legislative decree 79/99 of 16 March 1999 entitled|
The 1999 Electricity Liberalisation Act and Decrees from Italys Ministries of Trade and Industry and of Environment (MICA Decree 11/11/99) introduced a cap and trade mechanism to promote renewable energy sources. It required Italian energy producers and importers (producing or importing more than 100 GWh/year from conventional sources) to ensure that a certain quota of electricity fed into the grid comes from renewable energy sources. A 2% quota obligation was set, strengthened in 2003 and again in 2008. Producers and importers can comply with the obligation is by means of green certificates. They can buy those certificates through bilateral contracts or participating to the green certificates platform (managed by GME, the energy markets operator). Suppliers can fulfill the obligation by buying green certificates from entitled new renewable energy plants, by building new renewable energy plants, or by importing electricity from new renewable energy plants from countries with similar instruments on the basis of reciprocity. Renewable source plants that came into operation before 31 December 2007 can obtain green certificates for 12 years. Subsequent regulatory interventions have increased the incentive period to 15 years.
|Related policies:||Feed-in premium for renewable energy sources other than photovoltaic|
Last modified: Mon, 12 May 2014 16:19:20 CEST