|Policy status:||In Force|
|Policy Type:||Voluntary Approaches>Negotiated Agreements (Public-private sector), Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Policy Support>Institutional creation, Policy Support>Strategic planning, Research, Development and Deployment (RD&D)>Research programme >Technology development, Regulatory Instruments|
|Policy Target:||Multiple RE Sources>Power|
|Policy Sector:||Framework Policy|
|Agency:||General Directorate of Renewable Energy (GDRE) /Ministry of Energy and Natural Resources (MENR)|
|Legal References:||Energy Efficiency Law - No. 5627|
The Energy Efficiency Law (EE Law) aims to increase the efficient use of energy and energy resources for reducing the burden of energy costs on the economy and protecting the environment. This law comprises the organisation, principals and procedures for increasing energy efficiency in industry, electrical power plants, transmission and distribution systems, building, service and transport sectors. It sets the rules for energy management in industry and in big buildings, project supports, energy efficiency consultancy companies, voluntary agreements and so on. The EE Law also amended Law no.5346 dated 10.05.2005 on Utilization of Renewable Energy Sources for the Purpose of Generating Electrical Energy. Renewable electricity receives a fixed purchase price of between EUR cents 5 and 5.5/kWh for 10 years. The price is valid for plants installed until end of 2011, though the government can extend this date for two years. The Electricity Market Law of 2001 was also modified by the EE Law, exempting certain categories of power plants from the obligation to obtain licenses and establish companies. The exemption applies to: renewable energy plants with installed capacity of maximum 500kW; cogeneration plants with at least 80% overall efficiency; micro cogeneration plants with 50 kW installed capacity.
Last modified: Thu, 18 Feb 2016 13:53:47 CET