Regulations regarding Electricity Production from Renewable Energy Resources

The regulation states that the public trader is obliged to purchase electricity generated from renewable energy sources from those electricity producers who have received the right to sell electricity under the mandatory procurement process.

In order to qualify for the right to sell electricity from wind power plants (larger than 0.25 MW), the producers shall participate in a competition organised by the Ministry of Economics. The selected producers will receive 10 year contracts from the Ministry.

In order to qualify for right to sell electricity from wind (smaller than 0.25 MW), hydro, biomass and biogas the producers will submit an application to the Ministry of Economics. The selected producers will be awarded contracts for 10 years. The remuneration will depend on the technology and the size of the plant and is specified in the regulation.

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