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What it is

Bill would lock in pay for small renewable plants

Admitted step 2 of 7 · Unfinished

It is a members’ bill. Introduced by parliamentary groups, the Senate, regional governments or citizens. It was introduced on 8 November 2018. Introduced by: Grupo Parlamentario Popular en el Congreso.

Official title: Private member's bill to amend Law 24/2013, of 26 December, on the Electricity Sector, to promote small-scale renewable energy production facilities.

Follow this law

Source: Congreso de los Diputados, file 122/000306· updated 11 Nov

Automatic summary, not yet reviewed

  1. The bill would exclude renewable, cogeneration and waste plants under 300 kW from the six-year review of the reasonable return, if they already had a premium payment recognized.
  2. It would amend section 4 of Article 14 of Law 24/2013 to set how payment parameters for regulated activities and for renewable, cogeneration and waste plants are reviewed.
  3. It would amend the third final provision of Law 24/2013 so that the reasonable return of plants under the premium scheme is based on the ten-year average secondary market yield of ten-year Spanish government bonds plus 300 basis points, and so that this value is not reviewed for plants under 300 kW.
  4. The law would take effect the day after its publication in the Official State Gazette, except for measures that increase spending or cut revenue, which would wait until the next budget year.

Who it affects

  • Owners of renewable, cogeneration or waste plants under 300 kW with a recognized premium payment: The value used to calculate their return would be locked in, with no reviews.
  • Electricity transmission and distribution companies: Their payment parameters would still be reviewed every six years, with adjustments every three.
  • Electricity consumers: The text seeks to balance support for renewables with the cost of the power system.

Words worth knowing

Rentabilidad razonable (reasonable return)
The profit the law guarantees to investors in regulated power activities, calculated on a reference value.
Régimen retributivo específico o primado (specific or premium payment scheme)
A regulated payment received by renewable, high-efficiency cogeneration and waste plants.
Periodo regulatorio (regulatory period)
A six-year period during which the payment parameters for the power sector stay fixed.
Obligaciones del Estado (government bonds)
Spanish ten-year government debt whose interest rate is used as the benchmark for calculating returns.
Cogeneración de alta eficiencia (high-efficiency cogeneration)
A plant that produces electricity and heat at the same time, using energy efficiently.

It summarizes the text as it was introduced. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries

Where it stands

How far did it get?

It took 2 of 7 steps. It reached Admitted, and today it is unfinished.

  1. Introduced8 November 2018Someone registers the text in the Congreso.
  2. Admitted13 November 2018The Bureau of the Congreso accepts it and, for a members’ bill, the plenary decides whether to consider it.
  3. Amendmentsnot reachedGroups propose changes.
  4. Committeenot reachedA committee goes through the text in detail.
  5. Plenarynot reachedAll 350 deputies vote.
  6. Senatenot reachedThe Senate can pass it, amend it or veto it.
  7. BOEnot reachedIt is published in the Official State Gazette (BOE) and comes into force.
See the 6 official steps on a timeline
Nov 2018Dec 2018Jan 2019Feb 201911. 8 November 2018: Presentación22. 13 November 2018: Boletín Oficial de las Cortes Generales Publicación desde 13/11/2018 hasta 16/11/201833. 13 November 2018: Calificación44. 16 November 2018: Gobierno Contestación desde 16/11/2018 hasta 27/12/201855. 27 December 2018: Pleno Toma en consideración desde 27/12/2018 hasta 05/03/201966. 5 March 2019: Concluido - (Caducado) desde 05/03/2019 hasta 27/03/2019

Was there a plenary vote?

We have no plenary vote linked to this law in the Congreso’s data.

What happens next

What happens now?

The legislature ended before it finished. To go on, someone would have to introduce it again in the new Cortes.

It has not been presented again yet.

Sources

Where does all this come from?

  • The data comes from the open files of the Congreso, the Senate and the BOE, unaltered.
  • Each deputy’s province is the one of their seat on the day of the vote.
  • We only say “passed” or “rejected” when the majority needed is certain; otherwise we say which side had more votes.

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