Publication
ASIC approves ABA’s revised Banking Code: What you need to know
The Australian Securities and Investments Commission (ASIC) approved the Australian Banking Association’s (ABA) updated Banking Code of Practice (2025 Code)
Global | Publication | December 2016
The Polish government published draft renewable energy regulations in November 2016, setting the maximum volume and value of electricity to be auctioned, and the order of auctions to be held in 2017. The details are set out below.
Context
Renewable energy sources in Poland have been developing at an uneven pace, with most growth in the wind sector. The Polish government is now going to focus on technologies relying on biogas, biomass and hydropower, and on solar (PV) installations (seen as important to the security of Poland’s energy supply, especially during the summer months). Certain types of installation will not be allotted anything in 2017: no auctions will be held in these categories – this includes wind farms that are already in operation.
The law
The Renewable Energy Sources Act, 2015 (Journal of Laws 2015, 478)
Categories of auction baskets
Installations |
Maximum |
Maximum |
---|---|---|
Capacity utilisation rate >3,504 MWh/MW per year |
1,659,047 MWh |
PLN 556,174,673 |
Capacity utilisation rate >3,504 MWh/MW per year |
784,122 MWh |
PLN 337,458,778 |
Capacity utilisation rate >3,504 MWh/MW per year |
10,502,338 MWh |
PLN 3,768,589,370 |
Installations | Maximum volume | Maximum value |
---|---|---|
Capacity utilisation rate >3,504 MWh/MW per year |
825,000 MWh
|
PLN 308,182,262 |
Capacity utilisation rate >3,504 MWh/MW per year |
540,000 MWh |
PLN 299,025,631 |
Installed capacity ˂1 MW |
8,190,000 MWh |
PLN 5,280,863,522 |
Installed capacity ˂1 MW |
4,725,000 MWh |
PLN 2,182,908,687 |
Capacity utilisation rate >3,504 MWh/MW per year |
10,500,000 MWh |
PLN 5,423,952,758 |
Capacity utilisation rate >3,504 MWh/MW per year |
540,000 MWh |
PLN 305,387,878 |
Installed capacity >1 MW |
3,510,000 MWh |
PLN 1,972,413,921 |
Installed capacity >1 MW |
5,175,000 MWh |
PLN 1,972,413,921 |
The government expects to see new capacities as a result of the new regulations types of installation:
Auctions will be aimed at existing biogas installations at landfills, biomass firing installations and small-scale hydropower plants. The focus is on those categories of renewable energy installation among which there is a high supply of projects (and therefore a high level of competition).
In 2017, auctions should follow the order set out below.
Installations |
---|
Capacity utilisation rate >3,504 MWh/MW per year |
Capacity utilisation rate >3,504 MWh/MW per year |
Installed capacity ˂1 MW |
Capacity utilisation rate >3,504 MWh/MW per year |
Installations |
---|
Installed capacity >1 MW |
Capacity utilisation rate >3,504 MWh/MW per year |
Capacity utilisation rate >3,504 MWh/MW per year |
Capacity utilisation rate >3,504 MWh/MW per year |
Capacity utilisation rate >3,504 MWh/MW per year |
Installed capacity ˂1 MW |
Installed capacity >1 MW |
Installed capacity >1 MW |
Publication
The Australian Securities and Investments Commission (ASIC) approved the Australian Banking Association’s (ABA) updated Banking Code of Practice (2025 Code)
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