The Greek
government
has voted
through a new law for renewables, which calls for retroactive tariffs reduction,
especially for photovoltaics.
The parliament
voted through the retroactive FIT reduction for all operating RES plants,
cutting the average wind energy FIT by around 5.5%. The reduction for commercial photovoltaics is much higher (32-33%) and 20% for rooftop photovoltaics.
T
he new bill extends the power purchase
agreements of renewable power producers by seven years, reaching a 27-year
duration. According to the new law, renewable
plants that this January had
been operating for less than 12 years are given two options: Either to sell the
generated power to the energy market or to sell
the energy they produce to the grid at a set price of EUR 90/MWh.
Plants selecting the second option are subject to an annual cap of energy
production they are allowed to sell to the electricity grid.
The new
measures aim to
reduce
the
EUR 700 million
deficit in the country's RES account, managed by LAGIE.