Cabinet Regulation No. 262 of 2010 on Production of Electricity Using Renewable Energy Sources and the Procedures for the Determination of the Price

This Regulation prescribes the conditions for the production of electricity, using renewable energy sources existing in the territory of the Republic of Latvia or acquired in the Republic of Latvia; the criteria according to which a producer which produces electricity from renewable energy sources may acquire the right to sell the produced electricity as the volume of electricity to be mandatorily procured; the criteria according to which a producer which produces electricity in power plants with the installed electric capacity above 1 MW, using biomass or biogas, may acquire the right to receive a guaranteed payment for the electric capacity installed in a power plant; the procedures for determining, implementing and monitoring the mandatory procurement amount of electricity produced from renewable energy sources; what part of the total consumption of the electricity end users in Latvia shall be mandatorily covered by the electricity, which is produced from renewable energy sources, determining it for each type of renewable energy sources; the procedures for determining the price for electricity, which is produced from renewable energy sources, depending on the type of energy sources; the procedures for waiving the right to sell the produced electricity within the scope of mandatory procurement; the measures for promotion of the production of electricity from biomass; the procedures for determining the guaranteed payment for the electric capacity installed in a power plant, and the procedures for monitoring thereof and amount of payment; and the procedures by which a merchant may waive the right to receive the guaranteed payment for the electric capacity installed in a power plant.