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What You Should Know About The Renewable Energy Market In Romania A lot of alarming changes have been seen in the Romanian energy market being effected by the government. This aim was made so that the renewable energy production would improve in framework.This, in turn, helped boost environmental friendly sources and increase development in the sector. The period of validity of this act is 2032. It is by the European laws that the changes are taking place. Through the changes being made, the country is targeting at least 24 percent increase in energy production. Romania has been able to achieve the 24 percent target and what remains is maintaining the position. Moreover, the bill focusses on regulating since the moment of insertion of the green certificate in the present market that has been delayed from trading decisions 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.The GCs that never managed to be sold are also included. A two-year revision will also be effected by the people who do the supply of electricity. The Romanian government is taking the matter on their hands to strike a balance between the buyers and the sellers. There was an increase in megawatt production of power by June this year. The certificate is issued for free to producers. Consequently, these certificates are sold in the market for other gains. The selling of green certificates involves including the total population in the as the end consumers. The inclusion of the certificate in the energy market took last year. It had led to 12.5 percent of the final gross income in 2016. Compared to 2015, a positive increase was experienced.Since there was a rise in energy bills; the government reduced the benefits associated with the green certificate.
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A negative influence by the certificate has also led to a two billion euros lost. A decrease in the number of investments have also been seen as compared to what was there ten years ago. It has also led to withdrawal of investors from the country. A negative effect is predicted to take place soon due to the number of certificates that are being released getting rejected. It is therefore up to the government to see that there is a decrease in the number of certificates being produced.News For This Month: Energy