|Year:||2008 (last updated 2014)|
|Policy status:||In Force|
|Date Effective:||2008 (last updated 2014)|
2010 (September 3rd);
2011 (October 19th);
2013 (July 1st);
2014 (Jan 1st);
2014 (April 7th);
2014 (Dec 1st);
|Policy Type:||Economic Instruments>Market-based instruments>Green certificates, Regulatory Instruments>Obligation schemes|
|Policy Target:||Multiple RE Sources|
|Policy Sector:||Electricity, Framework Policy|
|Legal References:||Law no. 220/2008 amended by Law no 139/2010 and Government Emergency Ordinance no. 80/2011|
Law no. 220/2008 interposed energy quota obligation and green certificate systems for electricity generated from renewable energy sources. Main objective of the law is to stimulate investments and electricity production from REs.
Implementation of law 220/2008 is a part of framework creation that ultimately will support Romania in reaching its EU 2020 targets and in sustainable renewables deployment along with other “green” national targets.
Mandatory annual quotas for electricity generated from renewable energy sources have been set. Annual shares of E-RES in Romania for period of 2010-2020 are as follow:
Energy Regulatory Authority (ANRE) is an organization responsible for selecting which electricity companies will be participating in the quota system.
Selected electricity suppliers and producers are bound to fulfil their yearly E-RES quota by presenting appropriate amount of Green Certificates ANRE by 15thof April each year. If they will fail to meet their quota obligations they will be obliged to purchase missing GCs at higher price of EUR 110 each.
Under no. 220/2008 units of electricity generated by renewable plants will be granted with Green Certificates by ANRE. Numbers of GCs allocated to one unit of E-RES differ depending on the technology and capacity of the plant:
Certificates can be tradable on the market orgenized and managed by Electricity Market Operator – OPCOM SA. Maximum and minimum prices have been determined in order to protect interests of electricity producers and end users respectively.
Maximum price per 1 GC is EUR 55. A minimum price per 1 GS is EUR 27.
2011 amendment brought changes to certificate banding levels.
2013 (June 4th) temporary freeze of green certificates approved by the government. The freeze entered into force on 1st of July 2013.
On 7th of April 2014 Law no. 495/2014 was passed freezing the certificate purchase obligation on the 2013 levels for energy intensive consumers.
On 1st of December 2014 a 10-year exemption for energy intensive consumers entered into force.
After number of changes to certificate banding levels plants coming online in 2014 are entitled to the following certificate banding levels:
Certificate banding levels for renewable energy plants coming online from March 2013 to 1st Jan 2014:
* Quota levels for 2015 to be announced in mid-2015
Non-compliance penalty is set on EUR 110 per undelivered GC.
Floor price: EUR 27 per GC
Ceiling price: EUR 77 per GC
Validity period for Green Certificates is one year.
Last modified: Fri, 03 Apr 2015 14:56:51 CEST