New model combining feed-in premiums and auctions


September 9, 2015


comments icon




September 9, 2015


comments icon



Greece’s support system for renewable energy sources is being prepared, based on the bailout agreement, it is expected by the end of the year and must be implemented in 2016, a few months beyond previous dates set, portal Energy Press said.

The plan will detail the methods and levels of payments, according to the report. The new model, to replace a current framework based on feed-in tariffs, is currently being worked on by officials at the Production Reconstruction, Environment and Energy Ministry, the Regulatory Authority for Energy, and German consulting firm GIZ. Work is based on guidelines provided by the European Commission in June 2014 for the European Union’s environmental and energy sectors, while also taking into account the overall experience of various systems in Europe. The challenge is to ensure favourable payments for new renewable energy projects that may generate investor interest, offer sector sustainability and environmental protection, as well as create jobs, the article said. The country’s photovoltaic sector, for example, is currently in the doldrums.

The plan is headed towards a combination of feed-in premiums and auctions for green energy supply, which is in line with EU guidelines, unspecified sources said. They specify that feed-in tariffs are permitted for projects with capacities of up to 500 kW. As of January 1, 2016, feed-in premiums will be permitted for projects between 500 kW and 1 MW. As of January 1, 2017, projects with capacities of over 1 MW will be rewarded through an auction process. In the lead-up, during 2015 and 2016, at least 5% of new RES capacity will need to be compensated through an auction process.


Related Articles

heatwave power exchange prices see europe serbia

What is behind electricity price spike in SEE: grid issues, and something more

13 July 2024 - Record high temperatures aren't the main cause of the record price increase on power exchanges, ranging from 50% to 170%

IRENA La Camera renewables must grow higher speed scale

IRENA’s La Camera: Renewables must grow at higher speed, scale

12 July 2024 - IRENA's Director-General Francesco La Camera warned of ongoing patterns of concentration in geography in renewables deployment as well as against complacency

Constitutional Court of Serbia rules in favor of Rio Tinto lithium project

Constitutional Court of Serbia rules in favor of Rio Tinto’s lithium project

11 July 2024 - The Constitutional Court of Serbia declared unconstitutional a decree that annulled the local spatial plan for Rio Tinto's lithium project

green steel electric vehicles study transport environment

Switching to green steel would add just EUR 8 per electric vehicle by 2040

11 July 2024 - Switching to 40% green steel would add just EUR 57 to the sticker price of an electric vehicle in 2030, according to an analysis by T&E