So far all new providers
could count on state support. They received a 13-year guaranteed
feed-in tariff, which is above the market price for electricity.
In the future new providers will not be able to have guarantees
for state support, and the feed-in tariff is only secured for ten
years - plus two further years with gradually reducing tariffs.
The mechanism of the old renewables law entailed a substantial cost
increase, since many more wind projects were submitted than expected.
The Green Party in Austria
reacted sharply against the new law on renewable energy. This party
believes Austria will not achieve its EU target of renewables supplying
78% of electricity by 2010. The reaction of the largest industry
association in Austria was completely the opposite: the association
believes the new law will make support on renewables more efficient.
The renewables industry condemned the government for lowering the
level of to a fifth of the present level.
Source: GP Newsdesk
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