What You Should Know About The Renewable Energy Market In Romania
In the present years, the government of Romania has made many changes in the energy sector. The government did this to aim for high rate of energy production. The changes that have been made have seen drastic improvements in the energy market. Till 2032, the green certificate will be in effect. The main driving force behind the changes being experienced in the energy market is influenced by the European community. A positive increase of 24 percent is the main aim as to why the government brought in the green certificate rule. Romania has been able to achieve the 24 percent target and what remains is maintaining the position. The bill has also led to the inception of the green certificate in the market since it was discussed in 2014. Among the benefits stated by the ministry is that the energy directly reaches the final consumer.
After prolonging the validity of the green certificate, major changes are being seen. For the next 15 years, the green certificate is targeted to take effect in the energy market. Since the bill took effect, the lastly signed situations will be kept aside. This effect is going to affect the Presold GCs too. A two-year revision will also be effected by the people who do the supply of electricity. For the law to take effect, the government parastatal is making all efforts to see a balance stricken. By June, the power produced increased significantly.
The certificate is issued for free to producers. Consequently, these certificates are sold in the market for other gains. The whole population is also included when the payout to the consumer is audited. The green certificate took effect in 2016. A positive increase in gross percentage has been felt in the energy sector due to the green certificate.It was a bit higher compared to the 11.9 percent produced in 2015.Since there was a rise in energy bills; the government reduced the benefits associated with the green certificate.
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It is also unfortunate that in spite of the positives, the certificate has also attracted a significant loss in the market. A decrease in the number of investments have also been seen as compared to what was there ten years ago. This effect has undoubtedly broken the pact between the investors’ community and the country. More trouble is predicted since there will be some deferred certificates. It is therefore up to the government to see that there is a decrease in the number of certificates being produced.Practical and Helpful Tips: Resources