Ukrainian President Viktor Yanukovych has proposed that MPs reject a bill amending the law on electricity that increases the feed-in tariff on biogas electricity.
"According to calculations of the Renewable Energy Institute of the National Academy of Science of Ukraine, after 2017 the cost of biogas electricity will be higher than the cost of conventional electricity generated from fossil fuel," reads the president’s commentary on the law.
"It is unreasonable at this stage of Ukraine’s innovative development to involve investments in the sphere, which will become economically unprofitable after the termination of the feed-in tariff," Yanukovych said.
The president also opposed the item of the bill that allows the use of alternative energy sources and conventional fuels at the same time.
Yanukovych also criticized an item of the document under which controls over the use of assets received from the feed-in tariff was entrusted to the National Electricity Regulatory Commission of Ukraine, as this could strengthen administrative pressures and require extra expenditures on setting up this control.
"It should be noted that Ukraine’s energy system can reserve a maximum of up to 10,000 megawatts of electricity. Today, companies have filed applications to build and connect power plants that use alternative energy sources with a general capacity of over 17,000 megawatts," the president said.
Today the feed-in tariff is given to power plants that use wind energy, solar radiation, and biomass, and to small hydroelectric power plants.
Verkhovna Rada amended the law on electricity on Oct.6. The new version of the law extended the feed-in tariff on biogas. A total of 349 MPs voted for the document.
