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

Azerbaijan on good track to double gas exports to EU, start supply of green energy

Azerbaijan on track to double gas exports to EU, start green energy supply

06 February 2023 - The 9th ministerial meeting of the Southern Gas Corridor Advisory Council in Baku brought together representatives from 16 states and the EU

Mostar to become first city in BiH with solar power plant for self-consumption

Mostar to become first city in BiH with solar power plant for self-consumption

06 February 2023 - A few weeks ago, The Sarajevo Canton announced a similar initiative - to establisha a public company for renewables

Greece subsidize rooftop photovoltaics only if batteries included

Greece to subsidize rooftop photovoltaics only if batteries are included

06 February 2023 - Greece will launch a public call next month for subsidies for rooftop photovoltaics that would be paired with batteries

Europe s largest solar power Portugal Iberdrola Fernando Pessoa

Europe’s largest solar power project is underway in Portugal

06 February 2023 - "I greeted the sun by raising my right hand." Europe's largest solar power plant will be named after Portuguese poet Fernando Pessoa.