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The Situation Of The Romanian Energy Market 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 green energy sector has been boosted by this step. The green certificates introduced will last for the next 15 years. It is by the European laws that the changes are taking place. The sector has been established to target contribution of 24 percent of the country’s energy. Although the country has already achieved the target, it aims at maintaining it at that point. Since the certificate was spoken about in 2014, the government is looking forward to including it in the market. The fact that the product efficiently gets to the end consumer is the advantage of this bill. The validity of the certificate has been increased therefore bringing many changes in the present energy market.According to the signed ordinance today, it will support the functioning of the scheme till 2032 due to its validity. Since the bill took effect, the lastly signed situations will be kept aside. It includes the GCs numbers that could not be sold by the producers. There will also be revision of electricity suppliers every two years. The Romanian government is taking the matter on their hands to strike a balance between the buyers and the sellers. By June, the power produced increased significantly. The energy producers are known to give the green certificate for free. However, they usually sell in a specialized market for other gains from the energy they sell. The selling of green certificates involves including the total population in the as the end consumers. 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. Compared to 2015, a positive increase was experienced. Unfortunately, the inclusion of the green certificate saw a rise in bills of electricity.
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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. Around ten years ago, Romania had attracted more than 7 billion euros investments in the renewable sector, but the present state is disturbing. This effect has undoubtedly broken the pact between the investors’ community and the country. Due to an influx in the production of certificates, a negative effect is being predicted a head. 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