|Policy Type:||Regulatory Instruments, Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums, Regulatory Instruments>Obligation schemes|
|Policy Target:||Multiple RE Sources>All|
|Policy Sector:||Multi-sectoral Policy|
|Agency:||Ministry of Economy and Employment|
|Legal References:||RCM nº 154/2001, 19 Oct.|
New legislation aimed at promoting investment in energy efficiency and renewable energy generation was approved in September 2001. The main changes relate to the simplification of the process involved in obtaining licences and substantially more attractive tariffs for the acquisition of electricity from renewable sources by the national grid. Under the new programme, ? 0.082/kWh will be paid for the first 2 000 hours of wind energy production each year and ? 0.07/kWh for the following 2 000 hours, with prices decreasing slightly after that. Average payment is expected to be about ? 0.08/kWh, compared with ? 0.06/kWh under the previous legislation. The new tariffs for mini-hydro production are ? 0.07/kWh and ? 0.224/kWh for wave energy. Solar will be paid at ? 0.284/kWh for plants bigger than 5kW and ? 0.499/kWh for smaller plants. These prices compare with an estimated average of ? 0.064/kWh paid to Portugals renewable energy producers in 2001. This legislation was surpassed in 2003 by Cabinet Resolution No. 63/2003.
|This record is superseded by:||Resolution of the Council of Ministries - 63/2003|
Last modified: Thu, 14 Mar 2013 12:22:39 CET