PV incentives about to change
Italian PV incentives are about to change. Retroactively.
The proposal of the Minister of Economic Development Flavio Zanonato to spread over several years the incentives for photovoltaics and renewables will be included in the decree, which should be approved in the Council of Ministers scheduled for today.
As reported by the Italian newspaper Repubblica, the proposal will be included in the package of measures that aim to reduce Italian electricity bills at least by € 600 million per year.
The package also includes a speech on the withdrawal and a mandate dedicated to the Authority for Electricity and Gas (AEEG) for the two-part tariff adapt to market changes, which made it convenient to use less electricity at times evening mainly because of the strong development of photovoltaics.
Of the 600 million annual savings, 250 million should come from the cut of incentives of the renewable energy.
The payment of incentives would be delayed from 20 to 25 years, and the reduction in spending on incentives would be offset by the issuance of bonds that would allow the GSE to bestow the last 10 years of the 25 year period the share incentive not received in previous years. A series of unspecified incentives are also provided to those owners that wish to modernize their plants.
According to a draft of the measure diffuse recently, the adhesion to the new regime of incentives for all renewable energy installations:
is switched on a voluntary basis by the individual producers who wish to pursue productive activity over the period of incentive initially established, compared to a corresponding reduction in the unit value of the incentive itself.
News for producers of electrical energy from Fer different from photovoltaics for which it is introduced the ability to opt, as an alternative to the maintenance of subsidies already in force, coupled with a reduction of the incentive, however, to an increase in the entitlement period .
In detail, you can choose :
a) To continue to enjoy the incentive scheme due for the remaining period of entitlement. In this case, for a period of ten years from the end of the period of entitlement to the incentive scheme, interventions of any kind made on the same site have no right of access to additional incentive instruments, including dedicated withdrawal and on the spot, to be paid by prices or the price of electricity;
b ) To opt for a reformulation of the incentive due, time to upgrade the entire life of the plant. In this case, with effect from 1 January 2014, the producer accesses an incentive reduced by a percentage specific to each type of system, defined by the Minister of Economic Development, with the opinion of the Authority for Electricity and gas, within 60 days of the entry into force of this decree, to be applied for a period of renewed incentive equal to the remaining term of the incentive payable on the same date increased by 7 years.
Those who do not accept the reshaping will have no right of access to additional incentive instruments , including dedicated withdrawal and on the spot, for a period of ten years from the end of the period of entitlement to the incentive scheme .
During the past few weeks and Assoelettrica AssoRinnovabili associations expressed their support to the proposal of Zanonato, while Gifi Committee and the IFIs asked the government clarity about the way in which it would be applied to the coating of incentives.Sources: Photon Repubblica