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Showing posts with the label over-supply

Speculating on the Minimum Impact of the European Commission Decision on Green Certitifcates

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Any day now we expect the European Commission, DG Competition, to announce its decision of the Polish green certificate system as state aid.  Several issues will be addressed and possibly some complex cost recovery issues raised but not entirely answered. The thrust of the complaint in SA 37244 was that support of co-firing was too much and was out of line with the cost of production via that technology. This fact was admitted by the Ministry of Economy and even the former Prime Minister's website. In addition, the support for old hydro plants that were built many years ago was attacked as illegal or incompatible with the rules, since the law precludes providing operating support for projects already fully depreciated.  Much of the law is set out in earlier posts on this blog. Taking the incontrovertible facts about co-firing and old hydro, it appears that co-firing might get a 50% retroactive*  reduction (maybe more?) of aid already provided in line with the adjust...

What Will the European Commission Decisions on Green Certificates and the New Polish RES System Mean?

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On March 16, 2016, a conference on the meaning of the European Commission's new decision on Polish green certificates as state aid and the prospects for its decision on the new RES law will be held in Warsaw. Readers of this blog already know the issues and the possible consequences. The conference will feature the leaders in the RES sector, the complainant in the case before the Commission, the Polish Government (invited), and the major utilities in Poland (invited). THE IMPACT OF STATE AID ENFORCEMENT ON POLISH RENEWABLE ENERGY ___________________________ An In-Depth Seminar on the Legal and Practical Problems Facing Polish Energy March 16, 2016   Hilton Hotel Warsaw The lack of notification and approval of the existing Green Certificate program has caused the European Commission to investigate its lawfulness and compatibility with the EU Treaty. See Case SA 37244. Major parts of the support system (co-firing ...