|Year:||2010 (April 1st)|
|Policy status:||In Force|
|Date Effective:||2010 (April 1st)|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums|
|Renewable Energy Policy Targets:||Multiple RE Sources, Multiple RE Sources, Power|
|Policy Sector:||Framework Policy|
|Size of Plant Targeted:||Small and Large|
|Agency:||Ministry of Economy|
|Legal References:||Cabinet Regulation No. 262 of 16 March 2010 “Regulations Regarding the Production of Electricity Using Renewable Energy Resources and the Procedures for the Determination of the Price”|
|Evaluation:||Providing support in accordance with the existing feed-in system, there will be a significant risk of electricity price increase for each consumer, particularly for industry and exporters. The Ministry of Economics till January 1, 2016 new producer can not qualify for the right to sell the produced electricity as the volume of electricity to be mandatory procured and for acquisition of the right to receive a guaranteed fee for the installed electric capacity.|
|Renewable Energy Description:|
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.
The tariff bands for electricity from renewable sources are calculated according to formulas prescribed by the Public Utilities Commission. These formulas are based on the price of natural gas, the exchange rate between the Latvian Lat and the Euro, and a coefficient depending on the plant size. The factors on which the formulas are based vary according to the technology used.
In order to qualify for the procurement, power producers need to participate in a tendering process. However, in accordance with the amendments to Cabinet Regulation No. 262 of 16 March 2010, in the period from 26 May 2011 to 1 January 2016 the Ministry of Economy does not organise any tenders for granting the right to sell the electricity generated by biomass, biogas, solar or wind power plants and producers may not qualify for selling electricity under the mandatory procurement process.
|This record supersedes:||Regulations Regarding the Production of Electricity Using Renewable Energy Resources and the Procedures for the Determination of the Price (2009)|
Last modified: Wed, 13 Nov 2013 14:11:48 CET