The RES special account’s surplus is expected to remain on steady ground despite the concerns of renewable energy producers, fearing a massive reduction in the account’s share of CO2 emission right auction revenues, now down to 8 percent from 75 percent, will shrink the surplus to an extent that could affect their income for RES output, sources informed on the account’s latest figures have reported.
RES market operator DAPEEP is expected to soon release a report on the RES special account for the months of August and September.
The RES special account’s surplus at the end of 2020 will exceed 50 million euros, not including a 70 million-euro amount kept aside as a safety reserve for extraordinary circumstances, meaning the account’s actual end-of-year surplus will total at least 120 million euros, the sources informed.
A decision formalizing the RES special account’s reduced share of CO2 emission right auction revenues to 8 percent was implemented on November 19.
However, RES special account figures will need to be recalculated if the government’s current electricity subsidy offer for households is increased from the current monthly level of 39 euros per household.
The RES special account’s share of CO2 emission right auction revenues was reduced to enable greater support for the Energy Transition Fund, which has been resorted to by the government to compensate electricity suppliers for subsidized electricity bills.
It should be pointed out that CO2 emission right auction revenues have risen considerably this year as a result of sharply increased CO2 emission right prices.