Romania Overshoots Target for Renewable Energy

The share of electricity produced through renewable sources reached a level of 41 percent in 2013, overshooting the target of 38 pct assumed by Romania for 2020, according to a document from the Department of Energy quoted by Agerpres.

Romania pledged in front of the European Union that 24 pct of all energy consumption (electrical, thermal, all types of fuel) will come from renewable sources by 2020. ANRE announced recently that the target has already been met on January 2014.

On the electrical energy segment, the target for 2020 was 38 pct and the intermediary objective – 35 percent for 2015. The Department of Energy’s data shows that both targets have already been met.

According to the same document, ANRE estimates that by the end of 2014, Romania will be able to produce 6,000 MWh of energy from renewable sources, an increase of 40 pct compared to the current capacity of 4,300 MW.

"For 2014, the electrical energy from renewable sources quota that can benefit from the Green Certificate system is 11.1 percent of total brute consumption per year”, according to the document that represents a foundation not for a new Government ordinance to shrink the green certificate quota.

The current law states that the quota should be 15 percent per year.

"At this time, the green certificate component, meaning their impact on final bills, is RON 42 / MWh. If the quota would’ve remained 15 percent, the component would jump to RON 80 – 83 / MWh”, Agrepress’s sources say.

If the Government intervenes and passes the new law to shrink the quota to 11.1 percent, then the green certificate component will remain at the level it currently is in the consumers final energy bills.

(Business Review EU)