The wholesale electricity price increased by 4.4% y/y, reaching 5.8 USc/kWh. Power plants with PPAs continued to hold the largest share in balancing electricity generation- Galt & Taggart report reads.
The regulatory framework for micro-capacity power plants has been revised. Net metering has been replaced with a net billing mechanism, and the definition of a micro-capacity plant has been reduced up to 100 kW, down from 500 kW.
The Government has revoked memorandums for around 50 power plant projects. This marks the first step in its declared policy to modify the practice of holding rights over projects without real progress.
