On today’s meeting, the Government has approved a draft emergency ordinance on amending Law nr.220/2008 to set up the system for promoting energy production from renewable energy sources, Mr. Dan Plaveti, President of National Energy Regulatory Agency has announced at the end of the meeting.
Green certificate system is a market mechanism that will encourage investment in renewable energy sources in Romania. Therefore, it will support Romania’s effort to achieve by 2020 renewable energy targets without distorting the market.
One of the most important effects of this ordinance is that in the coming years, investment worth 4-5 billion EUR is estimated in renewable energy in Romania, Dan Plaveti has added.
Promotion system established by Law no. 220/2008 consists in providing green certificates to producers of electricity from renewable sources, which are then sold to suppliers- final consumers of electricity in Romania.
Suppliers are required to purchase annually a number of green certificates calculated according to the quota established by ANRE applied to electricity supplied. Green certificates trading is done on a market distinct from the electricity market. Minimum and maximum price of a green certificate are established by law between 27 and 55 euros.
Plaveti Dan said that ANRE estimates the impact of new regulations on household bill to be 2.5%: "Currently, average bill of a consumer is about 50 lei, thus increasing it by 2.5% as the green certificates scheme implies, means adding 1.25 lei to the domestic consumer’s bill. "