EAG Market Premium Hydropower
Market premium for marketed electricity from renewable hydropower plants in Vienna as a subsidy for the difference between production costs and market price. Funding for new, expanded, and revitalized plants for up to 20 years. Administrative applications possible at any time, tenders with fixed bidding deadlines.
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Grant criteria
Funding objective
Compensation for the difference between the production costs of electricity from renewable hydropower plants and the average market price through a subsidy for marketed and actually fed-in electricity. The goal is to promote the expansion and stabilization of hydropower plants through market premiums over a period of 20 years.
Eligible expenses
- Difference between production costs and market price
Non-eligible expenses
- Electricity from pumped storage
- New constructions and revitalizations in ecologically valuable watercourse sections
Eligible to apply
- Individuals
- Companies
Funding requirements
- Connection to the public electricity grid
- Remotely controllable
- Equipped with load profile meter or smart meter
- Acceptance of the General Funding Conditions (AFB-MP)
Documents required for application
- Project description
- Cost, schedule, and financing plan
- Proof of all required permits and approvals
- Proof of security deposit
- Declaration on data provision
- Additional proofs depending on technology
Evaluation criteria
- Bid value (applicable value)
- Fulfillment of the technical funding requirements
Description
The EAG Market Premium for Hydropower in Vienna supports natural and legal persons as well as companies through a subsidy covering the difference between the production costs of electricity from renewable hydropower plants and the average market price. Funding is provided for newly constructed, expanded, and revitalized plants with a duration of up to 20 years (240 months) from the proof of commissioning. The premium is granted for actually fed-in electricity quantities and can be applied for within ongoing administrative applications or through tender-based market premiums with fixed bidding deadlines (e.g., 06.12.2022, 14.02.2023). The objective is the expansion and stabilization of hydropower plants through long-term market incentives and climate protection contributions.
Interested parties are operators and investors whose plants are connected to the public electricity grid, remotely controllable, and equipped with load profile meters or smart meters. Acceptance of the General Funding Conditions (AFB-MP) is required. Eligible expenses include the cost-market price difference; electricity from pumped storage as well as new constructions and revitalizations in ecologically valuable watercourse sections are not eligible for funding. There is no size limitation. Bids are evaluated based on bid value and fulfillment of technical requirements. For the application, a project description, cost, schedule and financing plan, proof of all permits, security deposit, declaration on data provision, and other technology-dependent documents are required. The funding is valid from 06.10.2022 to 01.01.2030.