Page 115 - Annual Report KELAG Group 2018
P. 115

At  the  beginning  of  2018,  the  legal  framework  of  the
                    On 28 May 2018, the Austrian Federal Government adopted
                                                                  European  emissions  trading  system  (ETS)  for  the  next
                    the integrated climate and energy strategy to pave the way
                                                                  trading period (2021-2030) was revised in line with the EU-
                    for the restructuring of Austria’s future energy supply. The
                                                                  wide climate action targets for cutting emissions by 2030,
                    framework  of  the  strategy  is  built  upon  the  targets  of
                                                                  thereby making part of the EU’s contribution to the 2015
                    “ecological sustainability (reduction of greenhouse gases,
                                                                  Paris  Agreement.  The  revision  focused  on  structural
                    build  up  of  renewables,  increase  in  energy  efficiency)  –
                                                                  measures to reduce the surplus of emission allowances. For
                    security of energy supply – competitiveness/affordability”.
                                                                  this purpose, the annual linear reduction factor for the cap
                    By  2030,  100%  (national  balance)  of  electricity
                                                                  on emission allowances issued was increased to 2.2% from
                    consumption is to be covered by renewable energy sources
                                                                  2021  onwards  and  a  market  stability  reserve  was
                    (with the exception of balancing energy and the industry’s
                                                                  introduced,  through  which  surplus  emission  allowances
                    own electricity generation). Moreover, by 2050 – to reduce
                                                                  will be taken out of circulation as early as 2019.
                    greenhouse gas emissions by 36% compared to 2005 – heat
                    production is to be converted to renewable energies and
                    motor vehicle emissions are to be as free of fossil fuels as
                    possible.  To  this  end,  a  shift  in  emphasis  towards  zero-  Within  the  framework  of  multi-year  incentive-based
                    emissions passenger cars and light commercial vehicles will   regulation,  the  new  system  user  charge  ordinance  for
                    be  pursued  for  new  registrations.  Considerable  action  is   electricity  2018  (SNE-VO  2018)  came  into  effect  on
                    also required in the field of energy efficiency to achieve the   1 January 2018 on the basis of the third regulatory period
                    climate and energy targets.                   for electricity (2014 to 2018). With this ordinance, the tariffs
                                                                  for system user charges were reissued on a consolidated
                    In  order  to  accelerate  the  entire  process,  eight  fields  of   basis and adjusted from 1 January 2018 to the new amount.
                    action were defined in which concrete measures are to be   For specific private customers in Carinthia, this entailed a
                    taken, and several projects were selected which the Federal   net increase in network user charges (grid user charges and
                    Government intends to implement as priority “beacons” in   grid loss charges per grid level) of around 2.3%, according
                    the current session of parliament.            to Energy-Control Austria.

                                                                  Pursuant  to  this  ordinance,  which  was  promulgated  on
                    Unlimited  trading  on  the  German-Austrian  electricity
                                                                  21 December 2017, those responsible for balancing groups
                    market  was  restricted  as  of  1 October  2018  due  to  the
                                                                  (BGV)  must  pay  a  clearing  fee  to  the  balancing  group
                    significant  increase  in  capacity and  grid  bottlenecks  and
                                                                  coordinator based on the revenue of the balancing group.
                    unplanned load flows in the transmission grids. The market
                                                                  Since 1 January 2018, the fee has been EUR 0.0812/MWh
                    regulators of both countries – the Federal Network Agency
                                                                  (previously EUR 0.0878/MWh) for each chargeable unit of
                    in Germany and E-Control in Austria – have agreed to split
                                                                  energy  consumed.  The  fee  for  each  chargeable  unit  of
                    the joint bidding zone (tariff zone with common wholesale
                                                                  energy   traded   is   EUR 0.0017/MWh   (previously
                    prices)  and  to  restrict  the  unlimited  trading  in  the  joint
                                                                  EUR 0.0018/MWh).
                    German-Austrian electricity market area of the last 15 years.
                    Currently, only up to 4.9 GW of electricity can be allocated
                    through monthly and annual capacities. This corresponds
                    to roughly half of the consumption at peak times in Austria.
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