The Ministry of Energy proposes to supplement the renewable energy law with an auction mechanism for project selection and tariff determination.
According to the information provided in the explanatory note, the auction will be used as a method for selecting projects and establishing tariffs, based on the reduction of the maximum tariff level.
The term "auction" implies a process in which the tariff is set by reducing the maximum tariff limit for projects utilizing renewable energy sources (RES).
The maximum tariff level denotes the highest rates for all types of energy obtained from renewable sources.
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