Skip to content

  • Home
  • bookmark
  • Oil
  • Gas
  • Electricity
  • Renewables
  • Economy
  • Politics
επικοινωνία
ακολουθήστε τη ροή επικαιρότητας
στείλτε μας e-mail
ακολουθήστε μας στο facebook
ακολουθήστε μας στο twitter
Contact
RSS Feed
Send us email
Follow us at facebook
Follow us at twitter
Renewables
30/08/2019
Tweet
Related Stories
PPC retail electricity market share at 63.3% in December
Zero electricity subsidies for high-level usage considered
Green bilateral deals platform combined with industry PPAs

Bigger share of CO2 right auction funds for RES account

The government plans to increase the share of CO2 emission right auction funds going to the RES special account as a means of protecting payments to renewable energy producers following a decision to reduce a RES-supporting ETMEAR surcharge included on electricity bills.

This surcharge is being reduced to partially offset tariff hikes at power utility PPC, under financial pressure and needing a revenue boost.

The energy ministry intends to increase the share of CO2 emission right auction funds going into the RES special account to 70 percent, through a legislative revision in autumn, sources informed.

Renewable energy sector officials are pushing for a bigger share of 80 percent as the total amount of CO2 rights to be auctioned is being reduced, based on new EU regulations announced in July, meaning the overall funds to be generated at the auctions will be smaller.

Under current law, a 65 percent share of CO2 emission right auction funds would be kept for the RES special account, up from 60 percent in 2018, but lower than a 72 percent level that had been set for 2016 and 2017.

Tweet
The editing team | Contact us
© 2014 ENERGYPRESS. All rights reserved.
Designed by CITRONIO | Developed by StinPriza Collective