The energy ministry is pushing to deliver, ahead of the May 21 legislative election, a ministerial decision setting a starting price for the next RES auction.

If issued prior to the legislative election, the ministerial decision will pave the way for RAAEY, the Regulatory Authority for Waste, Energy and Water, to stage a second auction offering remuneration to major-scale green energy power stations regardless of the outcome of the upcoming election.

The government is now taking initiatives to settle a variety of energy-sector matters prior to the May 21 election as a second round of voting, if needed, will be held between one and one-and-half months later, stagnating concerns during the inter-election period.

The energy ministry recently announced a two-month package of electricity subsidies for consumers covering May and June, instead of continuing its support on a month-by-month basis.

The second auction offering remuneration to major-scale green energy power stations will, once again, be open to investors behind solar energy facilities of over 1 MW and wind energy facilities of more than 6 MW.

The total capacity to be auctioned off is expected to exceed 1 GW. A left-over capacity of approximately 475 MW from the first auction will be made available to investors in the second auction.