NEWSLETTER-2017

Key Amendments to Regulation on Licensed and Unlicensed Electricity and New Regulation on Renewable Energy Zones* Gaye Spolitis Introduction Through amendments introduced since last year to the Electricity Market License Regulation (“Licensed Generation Regulation”) 1 and the Regulation on Unlicensed Electricity Generation on Electricity Market (“Unlicensed Generation Regulation”) 2 followed by the new Regulation on Renewable Energy Resource Areas (“Renewables Zone Regulation”) 3 a new legal road map on licensed and unlicensed energy investments is in the making. In this article, amendments to the legis- lation concerning energy investments and significant amendments are addressed. Licensed Generation Preliminary License The term of the preliminary license was granted by the Electricity Market Regulatory Authority (“EMRA”) providing that the maximum term shall not exceed thirty-six (36) months. According to the amended Article 9 (1) of the Licensed Generation Regulation, EMRA is autho- * Article of March 2017 1 Regulation on the Amendments to the Electricity Market License Regulation entered into force and published in the Official Gazette dated 22.10.2016 (No. 29865). 2 Regulation on the Amendments to the Regulation concerning Unlicensed Elec- tricity Generation on Electricity Market entered into force and published in the Official Gazette dated 22.10.2016 (No. 29865). 3 The Regulation on Renewable Energy Resource Areas entered into force and pub- lished in the Official Gazette of October 9th, 2016 (No.29852).