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What You Should Know About The Renewable Energy Market In Romania 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 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. 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. Among the benefits stated by the ministry is that the energy directly reaches the final consumer. This effect has been achieved by the elimination of the validity of a year from the green certificate. 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. A two-year revision will also be effected by the people who do the supply of electricity. It will be done by the Romanian national board of energy regulation who have the role to create a balance between the consumers and producers. There was an increase in megawatt production of power by June this year. 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 mandatory quota that promotes a system through the use of green certificates was established in 2016. A significant increase in gross profit has been noted. A good result was experienced compared to 2015. 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. 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. The government, therefore, has the responsibility to make sure that there is a controlled production of the green certificates.The 10 Most Unanswered Questions about Services