The new RES special account, a forthcoming addition to the existing account that will take on projects operating since January, 2021, is projected to support a RES portfolio with a total operating capacity of 6,546 MW, according to the existing account’s revision plan.
This projection will be used to estimate the new RES special account’s outflow and, as a result, the amounts that will need to be contributed by consumers through a new RES-supporting Dynamic Renewable Charge (DRC).
As previously reported by energypress, the DRC will be covered by electricity suppliers – in proportion to their market shares – and then passed on to their customers.
New mixed RES auctions planned for 2021 to 2024 are expected to provide feed-in premium tariffs for new projects with a total capacity of 2,800 MW.
Remuneration for RES production through the new RES special account is seen averaging 12.7 euros per MWh.
RES special account revisions designed by the energy ministry to ensure new revenue sources and long-term remuneration protection for renewable energy producers will divide the account into two, an old and a new RES special account, made possible by 202 million euros in support stemming from the recovery fund.
A new and exclusive revenue source, the Dynamic Renewable Charge (DRC), will be exclusively channeled into the new RES special account. Revenues to be generated by this surcharge will be paid by electricity suppliers – in proportion to their market shares – to RES market operator DAPEEP and then passed on to their customers.
As for the old RES special account, existing revenue sources such as the ETMEAR surcharge included in electricity bills, as well as a green surcharge of 0.03 cents per liter imposed on auto diesel fuel, will be maintained.
In addition, the old RES special account will be offered protection through a formula balancing any fluctuations of the Public Service Compensation (YKO) surcharge included in electricity bills and the ETMEAR surcharge.
The new RES special account will include projects operating since January, 2021, while all previous RES units will continue being remunerated through the old RES special account.