Electricity

HROTE to sell renewable electricity in three ways

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Published

September 3, 2016

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Published:

September 3, 2016

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Croatian Energy Market Operator (HROTE) has recently said that from January 1 it will start selling electricity from plants using renewable sources which have power purchase agreements, in three ways.

In addition to selling energy from renewable sources on the country’s power exchange CROPEX, Hrote will also offer electricity generated from renewable sources through auctions for standard periods of time or on an annual, semi-annual, quarterly or monthly basis, according to the announcement.

Except the two sale models, the participants in the electricity market will be able to sign framework agreements that last up to one calendar year, where the operator can activate them and thus close its positions on the market.

Changes in the sales of electricity from renewable energy sources are in accordance with the Law on Renewable Energy Sources and Highly Effective Cogeneration that the Croatian parliament adopted last September. Hrote acts on the market as the party responsible for the deviation and the one responsible for the payment of subsidies for eligible producers with contracts under the feed-in tariff system, the statement adds.

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