Abbreviated form of legal source(s)
Description of support scheme
The purpose of the tender scheme is to introduce the competitive bidding process as the method to determine the fixed price per kWh to be paid for electricity generated and sold to the distribution system operator from approved renewable energy installations and hence to promote and support the generation of electricity from renewable energy sources (§ 3 (1) L.N. 76/2017). Eligible are new photovoltaic installations and new wind energy installations with a capacity of 1000kWp or more. PV installations and new wind energy installations that benefit or have benefited from any other support are excluded.
(§ 2 (2) L.N. 76/2017).
Sliding feed-in premium
Support is granted as a premium which is equal to the difference between the applicable bid price (when awarded) and the applicable proxy for the market price as determined by the Regulator (which may vary) over the 20 years of the guaranteed support period ($ 4(7) LN 76/2017).
Producers of renewable electricity from new photovoltaic installations or wind energy installations with a minimum capacity of 1,000 kWp and granted financial support for the first time pursuant to a competitive bidding process (§ 2 (2) L.N. 76/2017).
The bid prices per kWh shall be submitted in steps of € 0.005/kWh and shall not exceed the price cap (§ 6 (2) L.N. 76/2017).
Bids which are deemed as being administratively compliant shall be ranked according to the bid price per kWh with the lowest bid price per kWh being given the first preference. The bid price per kWh and the corresponding eligible renewable energy installation kWp capacity shall be selected pursuant to the competitive bidding process, starting from the lowest bid offered, and provided that the kWp available for allocation in the particular competitive bidding process is not exceeded. The Contracting Authority shall publish on its website the results of each competitive bidding process. (§ 6 - 13 L.N. 76/2017).
Ministry for Energy and Conservation of Water