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More money to encourage homes to use renewables
February 21, 2019
Legislators on Tuesday got a first glimpse of the 2019 draft budget for the Renewable Energy Sources (RES) Fund, discussing ways of further increasing the penetration of renewables into the energy mix.
The budget provides for €49.28m in projected revenues, while expenditures are at €64.96m.
On the expenditures side, €58.61m are earmarked for commitments to subsidies, of which €29.81m relate to generating electrical power from renewables.
The €29.81m figure includes €25m for a new subsidies plan to encourage use of renewables and energy-saving for residences (net metering, roof insulation) and promoting RES in transport (plug-in hybrid vehicles).