The Renewable and Alternative Energy Sources and Biofuels Act (RAESBA) was adopted on 7th June 2007 by the National Assembly and was promulgated in the Official Gazette, No 49 of 19.06.2007.
The Act regulates the public relationships related to encouraging the production and use of electric, heat and/or cooling energy from RES and AES, as well as production and the use of biofuels.
To encourage the electricity generation from RES, the following is planned:
The Act regulates the public relationships related to encouraging the production and use of electric, heat and/or cooling energy from RES and AES, as well as production and the use of biofuels.
To encourage the electricity generation from RES, the following is planned:
- Purchasing at preferential prices of the RES electric energy, with the exception of HPP electricity with installed capacity of over 10 MW;
- Mandatory buy of the electric energy generated from renewable Sources of Energy", with the exception of HPP electricity with installed capacity of over 10 MW;
- The term of validity of the long-term contracts shall be 25 years – for the electricity generated form geothermal and solar energy and respectively 15 years – for the electricity generated from hydroelectric power plants with installed capacity less than 10 MW, as well as for the electricity generated from other renewable sources;
- Obligatory and priority connection of each producer of electric energy from RES and AES to the closest distribution or transmission enterprise.
The Act also introduces an incentives mechanism for the production of heat and/or cooling energy from RES by issuing certificates of origin.
The key mechanism for stimulating the use of biofuel in the transport sector is the introduced obligation of all producers and importers of liquid fuels for transport needs to market fossil fuels blended with biofuels in the maximum percentage ratio as established in the Ordinance under Art. 8, Para. 1 of the Clean Air Act.
The key mechanism for stimulating the use of biofuel in the transport sector is the introduced obligation of all producers and importers of liquid fuels for transport needs to market fossil fuels blended with biofuels in the maximum percentage ratio as established in the Ordinance under Art. 8, Para. 1 of the Clean Air Act.