Order IET/1045/2014 of 16 June, approving the remuneration parameters for standard facilities, applicable to certain electricity production facilities based on renewable energy, cogeneration and waste.
2015 (March 23rd)
2015 (March 23rd)
Economic Instruments>Market-based instruments, Policy Support
Renewable Energy Policy Targets:
Multiple RE Sources
Size of Plant Targeted:
Small and Large
Ministry of Industry, Energy and Tourism (Minetur)
Order IET/1045/2014; Royal Decree 413/2014; Act 24/2013.
Renewable Energy Description:
Ministerial Order IET/1045/2014 , of the 16th of June, approving remuneration parameters for type installations applicable to certain installations for the production of electric energy from renewable energy resources, cogeneration and waste. Order IET/1045/2014, considering the methodology described in Royal Decree 413/2014, sets the remunerative parameters for its first regulatory semi-period (14/07/2013 - 31/12/2016).
For the calculation of the remuneration to the investment and to the operation, the following remunerative parameters have been considered, for its entire regulatory life:
The standard incomes from the sale of energy valued at the market price.
The standard operating costs necessary to carry out the activity.
The standard value of the initial investment, all of this for a profitable and well-managed company, throughout its useful regulatory life.
The value of the initial investment and the useful life recognised for the installation remain unmovable for the entire lifetime of the installation.
Equivalent hours of operation of the type installation according to the real hours of each technology.
Corrigendum to the Order on 26 August 2014 (URL: http://www.boe.es/boe/dias/2014/08/12/pdfs/BOE-A-2014-8667.pdf). New standard facilities are defined in later ministerial Orders:
Order IET/1459/2014 defines new standard installations (for wind and photovoltaic plants) in no-mainland territories;
Order IET/1953/2015modifies 6th additional provision of Order IET/1459/2014 related to wind farms in the electrical system of Canary Islands, and sets out a procedure for allocating the remuneration for new wind farms and photovoltaic facilities in no-mainland territories.
Order IET/1344/2015, defines 25 more standard installations (CHP and photovoltaic) to Order IET 1045/2014; Order IET/2212/2015;
Order IET/1345/2015 sets out the methodology for updating pay for the operation defined in Royal Decree 413/2014 and Order 1045/2014.
Order IET/2735/2015 defines more standard installations (CHP and photovoltaic) in Annex I of Order IET 1045/2014, and establishes access tolls for electricity for year 2016;
Order IET/1209/2016, updates the remuneration to the operation for the last six months of 2016, and adds a new standard installation.
Order ETU/130/2017 updates retributions for the second regulatory half period from1/1/2017 to 31/12/2019. It also updates retributions to the operation for installations whose costs depend on fuels, for the first six months of 2017