A lot of alarming changes have been seen in the Romanian energy market being effected by the government. 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. 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.However, the country can have already achieved the target and focuses on maintaining it at that point as stated by the Energy Ministry. Since the certificate was spoken about in 2014, the government is looking forward to including it in the market. 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. There will also be avoidance of deals which came in lastly before it the bill took effect. 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. In June, the power of renewable energy capacities of producers amounted to at least 4690 megawatts.
The certificate is issued for free to producers in Romania. 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 inclusion of the certificate in the energy market took last year. A positive increase in gross percentage has been felt in the energy sector due to the green certificate. A good result was experienced compared to 2015. Unfortunately, the inclusion of the green certificate saw a rise in bills of electricity.
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. The number of investors has also decreased in a very large way. Due to an influx in the production of certificates, a negative effect is being predicted a head. The government, therefore, has the responsibility to make sure that there is a controlled production of the green certificates.
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