Showing posts with label romania green certificates market. Show all posts
Showing posts with label romania green certificates market. Show all posts

October 31, 2016

Major Change in Romania’s Renewable Market: Government Proposes 15-year Mandatory Acquisition for Number of Green Certificates

The Ministry of Energy has published a draft bill that brings major amendments to the renewable law no 220/2008, including new price limits and transaction changes for green certificates, which represent one of the main revenue generation channels for renewable energy producers in Romania.

The amendments are included in a draft government ordinance that is currently under debate. Thus, the government proposes the enforcement of an annual obligation for the acquisition of a constant number of green certificates for 15 years starting 2017. This option was selected by an inter-institutional group comprising representatives of the Ministry of Energy, the Ministry of Finance, energy regulator ANRE, the energy stock exchange OPCOM, the Competition Council and grid operator Transelectrica.