The supply security package, consisting of several amendments to various laws such as the EIWOG (the Electricity and Organisation Act) or the Energielenkungsgesetz (Energy Steering Act), will give electricity grid operators - first and foremost VERBUND subsidiary APG - access to power plant operation in the event of impending blackouts. For such cases, clear regulations are in place ensuring power plant operators fair compensation.
With the Green Electricity Act amendment, medium-scale hydroelectric power plants will, in future, also become eligible for promotion. This will clearly raise the chances that such projects pay off.
“Vital framework conditions for a more efficient domestic electricity industry have been created”, said VERBUND head Haider. “Right now the idea is to allow electricity companies to build, too. Here at VERBUND we want to invest 2 billion euros over the years to come in projects including the 380 kV Austria Ring. This is why we urgently appeal to the responsible policymakers to finally give us the go-ahead for the Styria and Salzburg line.”
With the Green Electricity Act amendment, medium-scale hydroelectric power plants will, in future, also become eligible for promotion. This will clearly raise the chances that such projects pay off.
“Vital framework conditions for a more efficient domestic electricity industry have been created”, said VERBUND head Haider. “Right now the idea is to allow electricity companies to build, too. Here at VERBUND we want to invest 2 billion euros over the years to come in projects including the 380 kV Austria Ring. This is why we urgently appeal to the responsible policymakers to finally give us the go-ahead for the Styria and Salzburg line.”