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Czechs jump off the renewables train to nowhere

From Power Engineering:

The Czech Republic’s government has voted to end support for renewable power generation in a bid to reduce rising consumer electricity bills.

The law proposes to stop subsidies for new projects and goes in to effect from 2014.

Subsidies for renewable-power sources have raised prices for Czech energy users in the past three years as the cost is passed on through customer bills.

Prime Minister Jiri Rusnok said in the statement, that rising electricity prices “threatens the competitiveness of our industry and raises consumers’ uncertainty about power prices.”

Only hydro, wind and biomass power plants that got construction permits in 2013 will be eligible for support if they’re completed before the end of 2014, the statement said.

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This entry was posted on July 30, 2013 at 8:18 am and is filed under Czech Republic, Economics, Energy, Renewable Energy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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