According to the Commission, in line with the applicable 2001 and 2008 Commission environmental guidelines, the support takes the form of a preferential prices (feed-in tariffs) and premiums on top of the market price (green bonuses).
The measure also features a review mechanism to make sure that installations are not overcompensated and aid is limited to the minimum necessary for meeting the scheme’s goals.
The Czech Republic has agreed to invest about €20m in interconnection projects.
The commission concluded that, in line with EU objectives, the measure helps the Czech Republic to achieve its 2020 renewable energy targets.
Finance for the support scheme will come from a surcharge levied on electricity consumers and contributions coming in from the state budget.
As a remedy for any past discrimination against foreign green electricity stemming from financing of the support scheme, the Czech Republic will be investing around €20m in interconnection projects.
This amount represents the total surcharge levied on the estimated imports of green electricity in the country between 2006 and 2015.
In 2016, the Czech Republic changed the financial system to remove discrimination on the import of green energy going forward.
