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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 changes seen were made to increase the rate of energy production. The changes that have been made have seen drastic improvements in the energy market. Till 2032, the green certificate will be in effect. The changes made in the energy sector are seen in accordance with the European commitments and norms. 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. 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.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. There will also be revision of electricity suppliers every two years. 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. By June, the power produced increased significantly. 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 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 significant increase in gross profit has been noted.It was a bit higher compared to the 11.9 percent produced in 2015. Unfortunately, the inclusion of the green certificate saw a rise in bills of electricity.
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According to the change that is taking place, the Romanian energy industry has been lost over 2 billion euros. 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. A negative effect is predicted to take place soon due to the number of certificates that are being released getting rejected. It is therefore up to the government to see that there is a decrease in the number of certificates being produced.News For This Month: Energy