Czech Parliament Approves Bill To Scale Back Solar Subsidies
NASDAQ - The Czech lower house of parliament Wednesday approved a bill to allow the local energy regulator to sharply reduce the high fixed sale price for electricity produced at new photovoltaic solar generators.
The bill, which still needs Senate approval and the President's signature to become law, would allow the Energy Regulatory Office, or ERU, to lower the feed- in-tariff, which is the fixed rate at which electricity distributors are obliged by law to purchase solar power from independent producers.
