Intellinews - Romania Energy Sector

The key topics for Romania’s energy sector remain i. the renewable energy support [to be trimmed down], ii. the natural gas market liberalisation and iii. the new royalties for natural resources extraction to be enforced by the government as of 2014 amid what it looks like a vibrant upstream activity.What we foreseen from the very beginning eventually happened: the high energy prices prompted by the robust support given to renewable energy producers have a visible negative impact on the real sector and on the households. The government considers adjusting the system, but it has not decided yet whether to amend or not the law 22-/2008 itself – or only to enforce the mechanism built-in the law for avoiding overcompensation. The real problem is that the mechanism specified in law 220 cannot deal with overcompensation of projects already commissioned. This can be done only by cutting the maximal value of the tradable green certificate – which is, by amending law 220. This is naturally more complicated than simply enforcing a mechanism already stipulated in the law.

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