On 10 July 2012, the new decree on the incentive system for the production of electricity by photovoltaic (PV) plants was published in the Official Gazette. The Fifth Conto Energia introduces severe limitations to the access to feed-in tariffs (FiT) for utility scale PV facilities. Like its predecessor, the Fifth Conto Energia provides for a differentiated incentive system, depending on the type and size of the PV systems, and limited half-yearly expense budgets for larger PV plants that are distributed on the basis of a priority ranking system. The new tariff system will apply to PV plants starting operations after 27 August 2012 and will remain effective until 30 days after the annual aggregate cost of PV incentives has reached €6.7 billion.
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