Showing posts with label romania renewable industry. Show all posts
Showing posts with label romania renewable industry. 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.