SPAIN: CRAWLING BABY TO START WALKING

Spain government plans wind energy remuneration cap
September 18, 2006 (AFX via Forbes)
- Spain's Ministry of Industry is planning to impose a ceiling on the remuneration electricity generators receive for their wind farm production, La Gaceta de los Negocios reported…the government plans to impose the ceiling to curb the advantages wind farm operators are taking of high oil prices, which in turn have sent pool prices soaring…

- [I]n the case of wind installation with capacity of over 5 megawatts, if the average wholesale price for electricity over a month rises above 0.061 eur per kilowatt hours, companies will be allowed to receive a maximum of 0.0615 eur per Kwh, including the premium for wind generation…
- [C]ompanies will still receive a wind energy incentive on top of this ceiling, which the draft bill cites as 0.0077 eur per Kwh, higher than the 0.00733 eur they received last year.