Czechs to Reduce Subsidies for Rooftop Solar Power, Lidove Says

The Czech energy regulator plans to reduce subsidies for electricity generated by solar panels installed on rooftops next year, Lidove Noviny reported, citing calculations based on a proposal posted on the regulator’s website.

Purchase price of electricity from rooftop solar panels may fall from the current 6.16 koruna ($0.31) per kilowatthour to about 3.5 koruna per kilowatthour in the second half of 2013, the newspaper said. Power from larger rooftop installations with a capacity between 5 kilowatts and 30 kilowatts will fetch even lower prices, according to the report.

To contact the editor responsible for this story: Ladka Bauerova at lbauerova@bloomberg.net

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