Renewables

UPDATE: Serbia temporarily suspends incentives for renewables, high-efficiency cogeneration

Greece Dapeep renewables compensation

Photo: Analogicus from Pixabay

Published

March 19, 2020

Country

Comments

comments icon

0

Share

Published:

March 19, 2020

Country:

Comments:

comments icon

0

Share

The Government of Serbia has decided to suspend payments of incentives for electricity produced from renewable energy sources and in high-efficiency cogeneration units– CHP, multiple sources familiar with the matter told Balkan Green Energy News.

The persons close to the government confirmed  that the Government of Serbia, at the meeting yesterday, brough decision to temporarily suspend payments of feed-in subsidies to the privileged power producers from renewable energy sources and in high-efficiency cogeneration units. The new situation goes in line with the Article 27. of the Power Purchase Agreement, which privileged power producers sign with EPS. The article states that in the case of  force majeure, one contracting party can delay its obligations.

It can be expected that Electric Power Industry of Serbia (EPS) will soon officially inform power producers about the Government decision.

According to the information obtained, this measure is only of a temporary character and once the state of emergency ends, the power producers will continue to receive the incentives according to the model defined in the contracts.

President Aleksandar Vučić declared a state of emergency on March 15 due to the risk of the rapid spread of the coronavirus.

According to the latest data provided by the Registry of power producers with the status of privileged producers, there are 262 privileged power producers with the total installed capacity of 456 MW. According to the latest report of Electric Power Industry of Serbia, EPS, that is obliged to purchase this electricity, the average value of invoiced bills for this electricity stands at 1.672.187.080,00 RSD (EUR 14,2 million).

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

bih concession solar ljubinje trebinje cicevo bancici srpska

Republic of Srpska grants two concessions for solar power plants

18 February 2025 - The deadline to sign concession contracts for the two power plants is 60 days and it expires in early April

Race against time for Greece to avoid a blackout on Easter

Race against time for Greece to avoid a blackout on Easter

18 February 2025 - Greek authorities are rushing to secure the electricity system against a possible blackout during Easter

IEA Renewables cover almost all electricity demand growth 2027

IEA: Renewables to cover almost all electricity demand growth through 2027

17 February 2025 - A sharp increase in global electricity demand is expected in the next three years, IEA said and estimated that renewables would cover 95%

Petrol NGEN start strategic partnership in advanced energy solutions

Petrol, NGEN start strategic partnership in advanced energy solutions

17 February 2025 - Petrol and NGEN have joined forces in digitalization for energy management and adaptation to fluctuations in power production and consumption