Hungary is to hold a public auction in July to award state support for new renewable capacities equivalent to 300 GWh/year under the state’s METAR subsidy system, the Hungarian Energy and Public Utility Authority (MEKH) said on April 30. METAR is a sliding premium subsidy system, whereby project owners must sell their output on the market, and are eligible for a subsidy equal to the difference between their strike price and a reference market price calculated each month. If, however, the market price exceeds the strike price, project owners must pay back the difference.
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