Renewable energy producers are concerned about the balance of the RES special account, remunerating their output, following a government decision to reduce the share of CO2 emission right auction revenues injected into the account.
The government is looking for additional funds to support energy crisis-hit consumers of all scales.
The share of CO2 emission right auction revenues injected into the RES special account will be reduced to between 30 and 32 percent, from at least 60 percent.
However, RES producers hope the sharp increase in CO2 emission right prices over recent times will compensate for their slashed share and keep the RES special account in surplus territory. A clearer picture on the account’s standing will have emerged by the end of the year.
Though CO2 emission right prices have roughly tripled compared to levels last year, a reduced 30 percent CO2 rights auction share for the RES special account is expected to lessen last year’s 375 million-euro total derived from these auctions by approximately 75 million euros, according to estimates.
This reduced cash inflow into the RES special account could limit new green energy investments, sector officials warned.