Solar Investors Claim Czech State Exaggerates Impact on Prices
This article is for subscribers only.
The Czech government is exaggerating how much solar energy subsidies will inflate power prices, according to a study for industry developers that criticizes a new law limiting support.
The law, approved by parliament on Oct. 29, aims to cap electricity price increases and quell criticism that five-year-old legislation awarded too-generous incentives to investors in solar energy. The state energy regulator estimated 2011 power prices may jump 12 percent if no measures are taken. A pro-industry study by Prague-based law firm Glatzova & Co. said prices probably wouldn’t exceed 2.5 percent.