By Ladka Bauerova – Jul 26, 2013 10:25 AM ET – The Bloomberg
The Czech government approved a draft law to end support for renewable energy, proposing to stop subsidies for new projects at the end of this year.
The plan was adopted during an extraordinary cabinet session yesterday and is subject to approval by parliament, the government said in a statement on its website.
Subsidies for renewable-power sources, particularly solar plants, have raised prices for Czech energy users in the past three years as the cost is passed on through customer bills.
“The reason for this law amendment is the rising financial burden for electricity consumers,” Prime Minister Jiri Rusnok said in the statement. “It threatens the competitiveness of our industry and raises consumers’ uncertainty about power prices.”
Only hydro, wind and biomass power plants that got construction permits this year will be eligible for support if they’re completed before the end of 2014, the statement shows.
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