Hungary could adopt feed-in tariff mechanism to support renewable energy
Hungary could start subsidizing electricity and heat generated from renewable and alternative energy sources with base prices and bonus prices under a feed-in tariff mechanism, a draft plan published on the government's website shows.
The mechanism would replace the mandatory purchase system in place at present. Under that system, electricity generated with renewable and alternative fuel is purchased at prices higher than market prices.
The draft plan, by experts at the National Development Ministry, could come before the government at the end of November, said state secretary for energy affairs János Bencsik.
ADVERTISEMENT
Tender for Home Solar Panel, Battery Subsidies Announced
Gov't Keeps Rate on General-purpose Student Loans at 7.99%
Wolf Theiss Advises Kyoto Group on HaaS Delivery to Kall Ing...
Budapest Police Seize Nearly 155 kg of Cocaine in Drug Bust
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
