Home / Finance / Green Megawatts Still on Hold, HERA is Still Drafting Rules

Green Megawatts Still on Hold, HERA is Still Drafting Rules

The Croatian Energy Regulatory Agency opened a public consultation at the end of October regarding a new Methodology for determining the connection fee to the electricity grid, a document that is expected to establish clearer rules for connecting power plants and finally unblock a series of renewable energy projects. The consultation lasts until November 21, and a decision on implementation is expected after HERA processes the received comments.

According to the proposal, the methodology details the calculation method for connection fees or increases in connection capacity at all voltage levels – from low to very high voltage. Clearer criteria for applying unit prices per kilowatt are also introduced, an improved approach to determining fees for energy storage facilities, and more precisely defined procedures for calculating total costs. The idea is to create a transparent framework that would allow investors to plan costs and reduce risk, but the market does not currently share the regulator’s optimism.

– Given that Croatia remains one of the largest net importers of electricity in the EU, there is still interest from investors in investing in renewable energy sources. However, there is a visible lack of enthusiasm among investors considering the disrupted business climate due to delays in regulatory decisions and inconsistent legislative solutions that reduce business predictability – emphasizes Marija Šćulac, director of the HGK’s Sector for Industry and Sustainable Development.

A Thousand Lost Days

She reminds that the HGK has repeatedly warned in recent years about the need to define the unit connection price. Just in energy approvals, she points out, investors have paid around twenty million euros, but many projects could fail as their deadlines for location permits are soon expiring.

– Currently, the biggest problem is that HERA has not yet made a decision on the unit price for connecting power plants to the electricity system. It has been more than a thousand days since that decision was supposed to be made, which creates a huge problem for investors, who find it difficult to plan investments. Therefore, we once again appeal for the unit fee to be adopted as a matter of urgency – states Šćulac.

{quote}28226{/quote}

In the HGK’s Association of Renewable Energy Sources, it is estimated that between 1.5 and 2 GW of planned capacity could fail if a solution for extending energy approvals is not found soon. They particularly warn about the uneven approach of local governments, which increase municipal fees, further extending the payback period for investments.

A System that Hinders Itself

In the Renewable Energy Sources of Croatia (OIEH), they emphasize that the current standstill is a result of the absence of a clear and predictable regulatory framework. They believe it is essential to urgently adopt a unit price and amend the STUM system, which shifts the costs of network modernization onto investors.

– The current standstill is a result of the absence of a clear and predictable regulatory framework for grid connection. The key problem is that even after more than three years, the unit connection price has not yet been adopted, leaving the entire sector in uncertainty – they convey from OIEH, adding that HOPS’s operational restrictions on the operation of power plants from 0 to 100 percent without a time limit prevent projects from obtaining confirmation of bankability, which puts several thousand megawatts of ready capacity in question.

OIEH also warns that the state should finance strategic 400-kilovolt lines, such as Konjsko – Velebit – Melina, from the budget or European funds because these projects serve the entire system, not individual investors. In the meantime, they emphasize that Croatia must accelerate the digitalization of processes and introduce a legal framework for battery energy storage systems and smart grids.

– It is necessary to exclude maintenance and modernization costs from STUM, and systemic lines should be financed from the state budget. Croatia must unlock the potential for flexibility in the electricity system by adopting a legal framework for battery energy storage systems, virtual power plants, and smart grids – they state from OIEH.

28227

Politics and Implementation

Unlike professional associations, which see the problem in regulatory delays, the director of Acciona Energija, Aljoša Pleić, believes that the laws are good, but their implementation is lacking. According to him, politics plays a key role because only by prioritizing energy can the transition be accelerated.

– Every sector of the economy is governed by politics, including energy. Politics is responsible for adopting the legislative framework, which has shortcomings but is good. The biggest problem is how public legal bodies and ministries will implement it – explains Pleić.

He emphasizes that institutions often do not respect legal deadlines and obligations. Entrepreneurs are penalized for a day of delay, while state bodies tolerate years of delays. Such practices, he adds, discourage investors and create a sense of legal uncertainty, which is particularly dangerous for energy.

Pleić believes that the moment is approaching when the first projects will indeed fail because they cannot meet the conditions of energy approvals. He warns that ‘a three-year backlog cannot be resolved in three months’ and that the state, if it does not react, will lose serious investors. Despite everything, the renewable energy market in Croatia is not dead. Investors are still monitoring opportunities, but, as Pleić says, ‘there are fewer serious ones’.

28228

Šćulac adds that without a clear and predictable regulatory framework, part of the capital will end up in neighboring countries that offer greater security. However, the hope that HERA’s methodology could mark a turning point is not lost. The HGK believes that the final decision, if made and implemented, will enable a realistic calculation of the connection price and restart project development. OIEH, on the other hand, emphasizes that with clear regulations, Croatia could install thousands of megawatts of new capacity in a few years.

If this happens, the energy transition could finally gain a pace that matches European standards. If this time everything comes down to discussions without decisions, Croatia will continue to import what it could produce itself – and lose those who are willing to invest in it.

Tagged: