Ministry of Economy: Renewable energy could be regulated by auctions
Week in Slovakia Case: Regulation of renewable energy sources Realisation and construction of solar and wind power plants in Slovakia could be regulated by the so called reverse auction. The agreement was reached by the government which approved an analysis of the Ministry of Economy on future system of support for renewable energy sources. Based on the auction those investors that are willing to construct the power plants also at a lower feed-in tariff would be selected. „I am convinced that by implementing this system, the buy-in price of renewable would come closer to market prices. This would mean that those who are able to supply the energy at a lowest price would get the chance to sell it,” stated Minister Miškov. As the analysis further proposes, the amount of installed capacity that would be put into auction would be set each year in order to reach the national action plan on renewable energy and at the same time to secure safety and reliability of the network. According to the Institute for Energy Security, the auction is a good tool and it can result in higher transparency and lower end prices of electricity. The law amendment proposal should be submitted by Minister Miškov to the cabinet until the end of October. Monday – 30th May 2011 The new regulatory policy has relatively high ambitions according to Tomáš Šipoš from the company Západoslovenská energetika. One of the ambitious goals is its 5 years period. According to Šipoš, energy legislative in Slovakia is formed by four main factors: global trends, goals of EU energy policies, the market environment and Slovakia´s interests. These factors should also inflence the regulatory policy. According to alternative suppliers, price regulation is not necessary as the market with electricity and natural gas is competitive enough. However there are (Zobraziť celý článok)
