Poland advances green energy with new amendments

Green Forum5 December, 2024 at 8:05 AM

The Polish Parliament has adopted an amendment to the Renewable Energy Sources Act, introducing substantial changes designed to foster the growth of green energy in the country. 

The updated regulations bring advantages for prosumers, streamline investment processes, and align Polish law with EU directives.

The amendment significantly boosts the profitability of investments in renewable energy micro-installations. A correction factor of 1.23 has been introduced to increase the value of prosumer deposits, leading to more favorable settlements. Additionally, prosumers now have the option to settle energy at hourly market prices with an added premium—raising the overpayment refund rate from 20% to 30%.

These adjustments address prosumers' concerns, offering them more flexibility in managing surplus energy. By enabling a more tailored approach to energy usage, net-billing users can optimize their investments based on individual consumption patterns, resulting in savings on energy bills.

The revised legislation aligns Polish law with EU state aid guidelines for environmental protection. Beginning in January 2025, energy-intensive sectors will benefit from cost reductions related to green and blue certificates. These measures aim to bolster the competitiveness of Polish industries while alleviating inflationary pressures.

The amendment introduces streamlined administrative processes for renewable energy investments. Shortened permitting timelines will particularly benefit photovoltaic installations, energy storage systems, and heat pumps. These changes are designed to accelerate the expansion of Poland's renewable energy sector.

Under the new rules, renewable energy installations are classified as projects of overriding public interest, a designation derived from EU regulations. While this expedites project implementation, such investments will still undergo environmental assessments and administrative reviews.

The updated Renewable Energy Sources Act marks a significant step toward the sustainable development of Poland's energy sector. By supporting prosumers, simplifying investment procedures, and enhancing competitiveness, the new regulations aim to accelerate the energy transition and increase the share of green energy in the national energy mix.

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green energy, Poland, green news, renewable energy investments, Renewable Energy Sources Act, photovoltaic installations,