ARTICLE · 01 OCTOBER 2019

Additional Funding For Renewable Energy

Schoenherr (Schönherr Rechtsanwälte)

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Therefore, the Austrian National Council has deemed it necessary to adopt an amendment.

AustriaEnergy and Natural Resources

Bernd Rajal

Arian Paul Farahmand

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On 25 September 2019, an amendment to the Green Electricity Act (Ökostromgesetz 2012 – "ÖSG 2012") passed the Austrian National Council. The objective of the amendment is to prevent an interruption of the expansion of green electricity and to ensure a stable transitional period until the Renewable Energy Expansion Act (Erneuerbaren Ausbau Gesetz) is adopted in the next legislative period.

Why the amendment?

Within the framework of mission2030 – Austria's Climate and Energy Strategy – Austria plans to generate 100 % of its electricity from renewable energy sources.¹

The ÖSG 2012 regulates (i) the preconditions for and regime of support for electricity generation from renewable energy sources, and (ii) the financing mechanism for the expenses incurred in supporting electricity produced from renewable energy sources. ²

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Additional Funding For Renewable Energy

Why the amendment?

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