The new law also provides for the setting of a minimum amount of subsidy or funding for certain sponsorship schemes and the assurance of the consent of the Cyprus Energy Regulatory Authority and the notification of the Parliamentary Committee on Trade before the Ministerial Council approves the production sponsorship plans. electricity from RES and the announcement of a tender for large photovoltaic systems.
On the occasion of the adoption of the new legislation, the Parliamentary Committee on Commerce states that it welcomes the suggestion of CERA for a further increase of the consumption fee for RES in 2013 from 0,50 euros to 0,55 euros per kilowatt hour of electricity consumption and that it reserves the right to discuss the whole issue in a more timely manner.
Source: onlycy.com