Federal Act amending the Eco Electricity Act 2012, the Electricity and Electricity Organization Act 2010, the Natural Gas Management Act 2011.
Country
Type of law
Legislation
Abstract
The present Act introduces, inter alia, substantial amendments to the Eco Electricity Act 2012, In particular, the Act adds article 23a on Additional Financing. This article establishes that additional investment subsidies shall be available for the construction and modification of private and small-scale photovoltaic systems and energy storage. To article 14 a paragraph 8 and 9 is added specifying that new biogas plants shall still be eligible for benefits under the new supporting regime. However, stricter rules regarding the efficiency and materials used shall apply from January 1 2018.
Article 15, paragraph 6 is amended establishing that additional funding shalll be available also for wind power and small hydropower. The annual volume of support funding for wind power will be €30 million for contracts entered into in 2017, and €15 million for 2018. The annual volume for small hydropower is €2 million for 2017 and €1.5 million for 2018.
Articles 15a and 15b are added establishing that the expiration period for pending subsidy applications shall be increased from three to five years. However, applications older than four years will not receive the more favourable tariff which applies at the time of the application, but rather the last valid tariff. Reimbursement of electricity quantities from green electricity plants is limited to the contractually agreed bottleneck. In the event of an overshoot of the bottleneck (minus a self-supply component), the production quantities resulting from the overrun are remunerated at the market price minus the compensatory expenses. From 2018 onwards, the so-called 'remaining pot' will contain only €12 million instead of €13 million as previously envisaged. This amount will be reduced annually by €1 million until 2022.The state governor will recognise only commodity-dependent power plants as green energy plants. The Clearing House for Clean Electricity AG (OeMAG) will examine all other plants to ascertain whether they meet the prerequisites to be considered green energy plants.
Furthermore the Act amends the Electricity and Electricity Organization Act 2010 and the Natural Gas Management Act 2011.
Article 15, paragraph 6 is amended establishing that additional funding shalll be available also for wind power and small hydropower. The annual volume of support funding for wind power will be €30 million for contracts entered into in 2017, and €15 million for 2018. The annual volume for small hydropower is €2 million for 2017 and €1.5 million for 2018.
Articles 15a and 15b are added establishing that the expiration period for pending subsidy applications shall be increased from three to five years. However, applications older than four years will not receive the more favourable tariff which applies at the time of the application, but rather the last valid tariff. Reimbursement of electricity quantities from green electricity plants is limited to the contractually agreed bottleneck. In the event of an overshoot of the bottleneck (minus a self-supply component), the production quantities resulting from the overrun are remunerated at the market price minus the compensatory expenses. From 2018 onwards, the so-called 'remaining pot' will contain only €12 million instead of €13 million as previously envisaged. This amount will be reduced annually by €1 million until 2022.The state governor will recognise only commodity-dependent power plants as green energy plants. The Clearing House for Clean Electricity AG (OeMAG) will examine all other plants to ascertain whether they meet the prerequisites to be considered green energy plants.
Furthermore the Act amends the Electricity and Electricity Organization Act 2010 and the Natural Gas Management Act 2011.
Attached files
Web site
Date of text
Repealed
No
Serial Imprint
Bundesgesetzblatt für die Republik Österreich, Part I, No. 108, 26 July 2017, 24pp
Source language
English
Legislation Amendment
No
Original title
Bundesgesetz, mit dem das Ökostromgesetz 2012, das Elektrizitätswirtschafts- und -organisationsgesetz 2010, das Gaswirtschaftsgesetz 2011.