FOSETEK

A new RES market support system, FOSETEK, appears unlikely to be launched on its imminent October 1 scheduled starting date as too many issues remain unresolved for the little time remaining.

In an announcement, RES market operator DAPEEP has noted that a 15-day document processing period is required from the date of applications before RES facility owners can be summoned to sign new support agreements. The system’s launch date is now just one week away.

Under the new system, RES producers operating through Feed-in Premiums (FIP) and possessing facilities with capacities of more than 3 MW in wind energy or over 500 KW in solar energy are obligated to participate in the day-ahead market. So, too, are operators with RES stations over 20 years old – primarily wind energy – and tariff agreements set to expire.

RES producers with FIP agreements have not been paid since July 1 and are currently unable to issue invoices for electricity produced and provided to the grid as a result of the changing support system.

RES producers with a total capacity of 300 MW and operating under feed-in premium agreements have been left unable to issue invoices for electricity generated and provided to the grid in July, let alone be paid for this production, as a result of a market change.

The launch date of a new market support system, FOSETEK, in place of RES market operator DAPEEP, has been extended to October 1. This leaves the aforementioned group of producers out in the dark until the system’s launch.

Besides July, producers of this category are at risk of also remaining unpaid for output in August and September, until the new system’s anticipated launch in October.

RES investors are demanding payment of at least 90 percent of production until the new system is implemented. The energy ministry has yet to respond.

New RES support system facing issues ahead of launch

RES producers offering 300 MW left in dark by market change