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What You Should Know About The Renewable Energy Market In Romania A lot of alarming changes have been seen in the Romanian energy market being effected by the government. The changes seen were made to increase the rate of energy production.This, in turn, helped boost environmental friendly sources and increase development in the sector. The green certificates introduced will last for the next 15 years. It is by the European laws that the changes are taking place. 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. The bill has also led to the inception of the green certificate in the market since it was discussed in 2014. This bill has made sure that the product gets to the person who uses it last. 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.The GCs that never managed to be sold are also included. A two-year revision will also be effected by the people who do the supply of electricity. The Romanian government is taking the matter on their hands to strike a balance between the buyers and the sellers. 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 green certificate took effect in 2016. It had led to 12.5 percent of the final gross income in 2016.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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It is also unfortunate that in spite of the positives, the certificate has also attracted a significant loss in the market. Al though the investments present in 2007-2008 were many, the investments today are discouraging. It has also led to withdrawal of investors from the country. A negative effect is predicted to take place soon due to the number of certificates that are being released getting rejected. 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