Energy Regulatory Office (ERÚ) announced „adequate“ feed-in-tarif (FiT) for photovoltaic electricity. Based on actual situation on Czech PV market it is recommended to reduce FiT for systems below 30 kWp to 11 200 CZK/Wp and for systems above 30 kWp to 9 000 CZK/Wp (actual exchange rate is 25,785 CZK/EUR, see this site).
The recommended values of FiT correspond with actual situation on Czech PV market. Unfortunately exchange rate of Czech koruna (CZK) to Euro is instable. Exchange rate of Czech koruna to Euro oscillate in wide range from about 28 in beginning of 2008 to about 23 in August 2008 and back to about 29 in February 2009. In case the exchange rate will be on upper level the growth of photovoltaic installations will cease. On lower level FiT will be very profitable again.
On other hand future prices of PV modules are unpredictable. Actual rapid fall of prices is mostly based on decrease of price of Silicon as raw material. If the price of Silicon will rise after financial crisis will end, the prices of PV modules will rise too. The prices of modules will probably never exceed last year level, however prices high above 2 €/Wp are possible. According to those uncertainties the FiT could become either excessively profitable or purely restrictive.