Renewable micro-generation Tariffs (Decree 284/2011)

Ministerial Decree 284/2011 adjusts fixed tariffs dedicated to electricity generated from renewable energy sources in micro-generation plants.

As of 2012, the reference tariff for renewables micro generation will be reduced from the planned EUR 360/MWh to EUR 326/MWh. Micro generation tariffs are awarded for a 15 year period, devided between the first eight years and the subsequent seven years.

In the Decree Law 363/2007 implementing micro generators remuneration cheme, tboth reference tariffs - EUR 400/MWh for the efirst ight years and EUR 240/MWh for the subsequent seven years- were meant to be reduced by EUR 20/MWh per year.

Decree 284/2011 actually increases this annual tariff reduction from EUR 20/MWh to EUR 54/MWh for the first 8 years, and from EUR 20/MWh to EUR 35/MWh for the following 7 years.

Also, the present Decree includes a reduction from 25 MW to 10 MW of the overall subsidised capacity of micro generation that can be connected to the grid annually.