Government officials are preparing to establish the RES special account as a second major contributor to the Energy Transition Fund, assuming wholesale electricity prices remain at high levels generating excess revenues for RES producers.
RES units with feed-in premium agreements generating excess amounts – well over anticipated remuneration levels based on reference prices agreed to – as a result of considerably higher wholesale electricity prices, would be required to inject these extra amounts into the RES special account, according to the plan.
The establishment of an extra revenue source for the Energy Transition Fund, in addition to funds being generated through CO2 emission right auctions, is deemed necessary as subsidies protecting households and enterprises from extremely higher energy prices are expected to be needed in 2022.
A legislative revision requiring RES producers to return, to the RES special account, excess revenues resulting from higher wholesale prices has already been activated.
Officials are believed to be working on a mechanism that will be automatically triggered into action when prices in the wholesale electricity market’s day-ahead market rise over a certain level.