Government approves amendments to renewable energy Law 220/2008

The main amendments brought by EGO will be the elimination of validity period of only 12 months for the green certificates. Basically, these will be valid for the entire period of the support scheme operation, until 2032.

The mandatory quota for purchase destined to electricity suppliers will be replaced with a new mechanism, i.e. the static GC amount,, which will be reviewed every two years by ANRE and which aims to create a balance between consumers and producers.

The creation of anonymous platforms for trading renewable energy sources and green certificates on centralized trading electricity markets so that both large and small producers and suppliers be able to be positioned in the market.

According to the new EGO, the renewable energy producers will pay the profit tax only at the time of the GC trading, and not when they register them in their accounts, as per the old legislation.

“The Romanian Photovoltaic Industry Aassociation welcomes the last minute approval of EGO, although it does not solve the problems, but only a small part of the renewable energy sector in Romania” declated the president of RPIA, Ciprian Glodeanu.

June 26, 2017 16:59
The shareholders and the management of the Midia Marine Terminal (MMT) SR...more »
June 26, 2017 16:47
Monsson Operation, a company member of Monsson Group, which offers services li...more »
 
June 12, 2017 17:19
Romania's natural gas production will increase steadily in the next three year...more »
April 27, 2017 18:11
OMV Petrom estimates that investments for 2017 will amount to 4.56 bn lei, up 83...more »
Govnet Next Events