News

Green power producers get new compensation decree

Published

January 23, 2016

Comments

0

Share

Published:

January 23, 2016

Comments:

0

Share

Montenegrin Electric Power Company (EPCG) is the qualified buyer of electricity from renewable sources, highly efficient cogeneration and waste, according to a decree adopted by the country’s government. The utility is obligated to provide the compensation, as it is declared a non-budgetary category. The tariff is added to the electricity bill for all consumers and is determined in euro cents per kilowatt hour.

The decree is in line with the Law on Energy which the country’s parliament adopted on December 29. Out of 57 members of the national assembly who voted, 43 supported the law, nine were against and five abstained. Minister of Economy Vladimir Kavarić said the new legislation should remove shortcomings such as the underdevelopment of the electricity market, and the ones in the regulation of agreements between entities and quality of information provided to citizens. The law secures obligations by entities and introduces new electric power suppliers. It will also contribute to consumer protection, according to the minister. The legislation covers electricity from renewable energy sources and high efficiency cogeneration in particular.

Members of parliament from the opposition argued the document provides for financing monopolistic activities, stipulating incentives and subsidies for companies that construct small hydropower plants. They disputed the method of calculating power prices.

 

Related Articles

offshore-wind-capacity-istock

Record 21.1 GW of new offshore wind capacity deployed in 2021 – GWEC report

29 June 2022 - By the end of this decade, 260 GW of new offshore wind is forecast to be added globally, with total capacity reaching 316 GW

G7 reverses climate policy support LNG gas nuclear power

G7 reverses climate policy with support for LNG, gas, nuclear power

29 June 2022 - The G7 reaffirmed its commitment to climate goals, but it backed the deployment of gas, particularly LNG, and of nuclear power

Romania renewables statistically attributed Netherlands

Romania’s renewables can statistically be attributed to Netherlands

28 June 2022 - The EU enables countries to pay other member states to formally make up for shortfalls in achieving own green energy targets

offshore-wind-installation-vessels

EU faces challenges in delivering on ambitious offshore wind target

28 June 2022 - The ambitious target could prove challenging due to expected shortages of specialized offshore wind installation vessels