Romanian Ministry of Energy has published a draft bill that brings major amendments to current Renewable Law, including new price limits and transaction changes for green certificates, which represent one of the main revenue generation mechanisms for renewable energy producers in Romania.
Through these amendments, the Government proposes the enforcement of an annual obligation for the acquisition of a constant number of green certificates for 15 years, starting from 2017. This mechanism was selected as the best option by a working group consisting of the representatives of the Ministry of Energy, the Ministry of Finance, National Energy Regulatory Authority ANRE, energy exchange OPCOM, electricity transmission system operator Transelectrica and the Competition Council.
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Tags: electricity, green certificates, legislation, OPCOM, renewables, RES, Romania, support scheme