The Czech Republic’s Prime Minister, Jan Fischer, has called for a cut in the amount of incentives available for renewable energy in the country. These possible cuts follow similar news from France, Germany and Italy this year reports E15.
The Minister says that a cut to feed-in tariff prices is a ‘priority’ in the country, as without it the current boom of solar projects could lead to a ‘significant’ increase in electricity prices for consumers.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
According to Fischer, the whole system of support for solar energy has been wrongly priced from the beginning. “It’s a huge lesson,” said Fischer. “Therefore, in a number of laws which should be approved, (this should be) number one.”
Due to the guaranteed prices set by the Energy Regulatory Authority for suppliers in the country, solar power has become one of the most profitable investments in the Czech Republic.
The proposal to cut the rates is currently before parliament, and has not been officially passed.
