Authorities are considering to shorten the time period given to RES producers with feed-in premium agreements to redirect, to the RES special account, any excess amounts earned through day-ahead market activity.
These excess earnings are considered to be any amounts generated by prices exceeding reference prices used to establish remuneration deals.
At present, RES producers with feed-in premium agreements have 60 days to return excess earnings to the RES special account, but this period could be halved as wholesale market-related earnings are paid to producers by the energy exchange on a weekly basis.
Swifter returns of excess earnings by RES producers with feed-in premium agreements promise to create greater capacity for various support measures, including electricity subsidies, offered through the RES special account.
Excess RES producer earnings for November and December, 2021 totaled 935.5 million euros, according to official data released just days ago by RES market operator DAPEEP.
The RES special account surplus is expected to reach 2.495 billion euros at the end of the year, DAPEEP has projected.
A total of 780 million euros from the RES special account has already been made available this year for electricity bill subsidies. This sum is expected to be transferred to the Energy Transition Fund, backing subsidy packages, by May.