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The Situation Of The Romanian Energy Market Recently, the Romanian government made a step of approving the emergency ordinance to help in change of the renewable energy law. This aim was made so that the renewable energy production would improve in framework.The green energy sector has been boosted by this step. The period of validity of this act is 2032. The main driving force behind the changes being experienced in the energy market is influenced by the European community. A positive increase of 24 percent is the main aim as to why the government brought in the green certificate rule. 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. This bill has made sure that the product gets to the person who uses it last. After prolonging the validity of the green certificate, major changes are being seen. The green certificate has been made valid till 2032.For this reason, any situations registered during the last years will be avoided. It includes the GCs numbers that could not be sold by the producers. To add on that, the mandate of acquisition of electricity suppliers who have a new mechanism of static quantity when it comes to the green certificates will always be revised every two years. For the law to take effect, the government parastatal is making all efforts to see a balance stricken. There was an increase in megawatt production of power by June this year. In real sense, the certificate is given for free to the producers. 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. It had led to 12.5 percent of the final gross income in 2016. 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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A negative influence by the certificate has also led to a two billion euros lost. Around ten years ago, Romania had attracted more than 7 billion euros investments in the renewable sector, but the present state is disturbing. The number of investors has also decreased in a very large way. More trouble is predicted since there will be some deferred certificates. It is therefore up to the government to see that there is a decrease in the number of certificates being produced.The 10 Best Resources For News