25 | 07 | 16 market highlights

GSE COUNTER UPDATED: 400 MLN€ FOR RES INCENTIVATION

GSE updated the annual expense counter for non PV renewables with the new calculation method according to ministerial Decree 23 June 2016. Average annual cost decreased from about 5.55 BLN€ to 5.4 BLN€: space for new plants promotion is now almost 400 MLN€. GSE updated scenarios, based on new calculations, show that risk of exceeding the 5,8 BLN€ ceiling appears avoided, at least in the short term. Despite scenarios do provide some reassurance for investors in the short run, big uncertainties remain in post 2016 incentive support policy.