The Romanian Energy News Recently, the Romanian government made a step of approving the emergency ordinance to help in change of the renewable energy law. 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. 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. Among the benefits stated by the ministry is that the energy directly reaches the final consumer. 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. For this reason, any situations registered during the last years will be avoided. This effect is going to affect the Presold GCs too. There will also be revision of electricity suppliers 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. Consequently, these certificates are sold in the market for other gains. The selling of green certificates involves including the total population in the as the end consumers. 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.It was a bit higher compared to the 11.9 percent produced in 2015.Since there was a rise in energy bills; the government reduced the benefits associated with the green certificate.
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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. It has also led to withdrawal of investors from the country. Due to an influx in the production of certificates, a negative effect is being predicted a head. Due to this reason, action is immediately required to reduce the number of green certificates getting in the market.The 10 Most Unanswered Questions about Services