LEY 26093 PDF

On October 21, , Law No. The renewable energy sources included in the New Promotional Scheme are wind; solar thermal; solar photovoltaic; geothermal; tidal; wave; marine currents; hydro up to 50 MW installed capacity ; biomass; exhaust gases; biogas and biofuels with the exception of uses thereof established in Law No. The promotional scheme based on Laws No. However, this target was not binding upon consumers. As this promotional scheme was deemed insufficient to allow the development of renewable energy projects, since , the Federal Government has promoted the execution of long term PPAs between state-owned companies —acting as off-takers— and private developers —acting as suppliers.

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On October 21, , Law No. The renewable energy sources included in the New Promotional Scheme are wind; solar thermal; solar photovoltaic; geothermal; tidal; wave; marine currents; hydro up to 50 MW installed capacity ; biomass; exhaust gases; biogas and biofuels with the exception of uses thereof established in Law No. The promotional scheme based on Laws No. However, this target was not binding upon consumers.

As this promotional scheme was deemed insufficient to allow the development of renewable energy projects, since , the Federal Government has promoted the execution of long term PPAs between state-owned companies —acting as off-takers— and private developers —acting as suppliers.

These contracts provide higher prices for the electricity supplied and additional benefits for the suppliers. Under the New Promotional Scheme, large consumers i. Failure to meet the applicable targets under the Renewable Portfolio Standard shall trigger a fine calculated on the basis of the variable cost of power generated using imported diesel oil. In order to meet the target under the Renewable Portfolio Standard, large consumers may opt to self-generate or purchase power sourced from renewable energy either directly from generators or from marketers, distributors or CAMMESA.

The New Promotional Scheme expressly states that any provision currently in force that restricts the execution of PPAs between private parties and power generators are not applicable to large consumers for the purposes established therein and further provides that no further restrictions will be established to the execution of such contracts in the future.

The New Promotional Scheme does not establish a binding obligation for residential and small consumers i. In this sense, the PPAs entered into by CAMESSA with power generation companies are not subject to the aforementioned price-cap and will allow the pass through to prices of any new or increased tax.

In addition, power generators employing renewable energy sources will be exempted from import duty payments for capital goods, special equipment or parts necessary for the purposes of their projects until December 31, The New Promotional Scheme also provides that the access to and use of renewable energy sources shall not be subject to specific taxes —including royalties— until December 31, Power from intermittent renewable resources will enjoy a dispatch priority similar to the one currently given to run-of-the-river hydropower plants.

In addition, neither renewable energy self-generation plants nor plants that generate energy from renewable sources to be sold under PPAs will be required to have dedicated backup capacity. Cammesa is empowered to purchase electricity from renewable sources to supply the WEM. This article is a brief comment on legal news in Argentina; it does not purport to be an exhaustive analysis or to provide legal advice. Highlights of the New Promotional Regime are: 1.

Renewable Portfolio Standards a. Small Consumers The New Promotional Scheme does not establish a binding obligation for residential and small consumers i. Dispatch Rules Power from intermittent renewable resources will enjoy a dispatch priority similar to the one currently given to run-of-the-river hydropower plants.

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