Poland Seeks 40% Cut in Renewable Energy Costs by 2014
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Poland aims to cut the cost of renewable energy suppliers 40 percent by 2014 by auctioning fixed-price contracts for generators and by cutting subsidies, the nation’s deputy economy minister said.
Jerzy Pietrewicz told lawmakers that the government plans to issue its final draft of legislation on renewables by the middle of this month and that the rules may enter into force at the start of next year. The energy regulator will organize auctions to buy electricity from new installations for 15 years and also reduce the number of green certificates granted.