Bill would place burden of premium for renewable energy on big electricity consumers
Image by Pixabay
Hungaryʼs government submitted a bill to Parliament yesterday that would force non-retail consumers of electricity to cover a premium paid to generators of renewable energy, Hungarian news agency MTI reported today.
The draft legislation is necessary to bring Hungaryʼs system of subsidizing generators of renewable energy in line with European Union rules, National Development Minister Miklós Seszták said in the justification of the bill.
The bill would make exceptions for small power plants, with capacity under 0.5 MW, and for pilot projects. Electricity generated by such plants would be bought by transmission system operator Mavir and sold on the Hungarian Power Exchange.
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.