Serbia considers auction-based model for renewable energy projects - energy min

Aleksandar Antic; Source: Gazprom

BELGRADE (Serbia), February 8 (SeeNews) - Serbia plans to draft an auction-based model for the development of renewable energy projects by the middle of 2019, energy minister Aleksandar Antic said.

"I hope that by the middle of the year we will have a viable auction-based model," Antic said in video file posted on the website of Serbia's Parliament on Thursday.

The projects that have already been started under a feed-in tariff mechanism will be completed under the original model, Antic said during a meeting of the parliamentary commission on economy, local development, trade, tourism and energy.

In June 2017, the Energy Community invited Serbia to amend its energy law and introduce an auction-based mechanism for determining the beneficiaries of its incentive scheme for the developers of renewable energy projects, eliminating feed-in tariffs.

According to the proposed amendments, incentive measures for privileged power producers would be given in the form of a premium, calculated as the difference between the price, with which the renewable energy producer has won the auction, and the market price of electricity.

In Serbia, the main support scheme for the production of electricity from renewable energy sources is a feed-in tariff, ranging between 7.50 euro ($8.5) and 18.33 euro per MW. The producers of electricity from renewable energy sources can benefit from the financial incentive once they acquire the status of a privileged power producer granted once the renewable energy facility is connected to the grid.

($ = 0.881307 euro)

More stories to explore
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription