Decision on the Period Following the 10-Year Term for Unlicensed Facilities Published

The method to be applied at the end of the current 10-year support period to the sale of surplus electricity generated by unlicensed electricity generation facilities under the Renewable Energy Support Mechanism has been determined.

According to the Presidential Decree published in today’s issue of the Official Gazette, the entire amount of surplus electricity generated by facilities located at the same metering point as the consumption facility will be purchased by designated supply companies.

For facilities where consumption and generation occur at different metering points, only the amount of surplus electricity determined by the Energy Market Regulatory Authority may be sold.

Any production exceeding the amount determined by the Authority will be considered a contribution to the Renewable Energy Support Mechanism without compensation.

The price to be applied to the sale of electricity fed into the system following hourly netting will be determined by rounding to two decimal places 90 percent of the price applied to licensed production facilities under the Renewable Energy Support Mechanism on a source-by-source basis. However, this value may not exceed the hourly market clearing price formed in the electricity market.

This electricity, which must be purchased by designated supply companies, will be deemed to have been generated and fed into the grid under the Renewable Energy Support Mechanism.

The decision took effect as of today.

The decision will be implemented by the Minister of Energy and Natural Resources.