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Consumers subsidize green energy production by extra 34 percent

Energy consumers paid EUR 415.8 million last year to support renewable energy through the green certificate system, up 33.7 percent on the EUR 310.8 million in 2012, despite the price per certificate decreasing by 25 percent, according to the National Regulatory Authority for Energy (ANRE) data, quoted by Mediafax

2014-02-02 18:07:39 - From the Print Edition

The average price of a green certificate last year was EUR 42, down from EUR 56 in 2012. In 2013, 9.9 million green certificates were traded, up by 78.3 percent from 5.55 million units in 2012, due to the accelerated growth of renewable energy production. Green certificates are granted for free by the state to renewable energy producers. Each producer receives a certain number of green certificates from Transelectrica for free, depending on the type of technology used for the energy he/she produces and delivers to the network. Producers then sell these green certificates to suppliers, who are required by law to buy them, with the goal that a certain proportion of final energy consumption be provided by renewable sources. Suppliers recover the costs of purchasing green certificates by including them in rates. Last year, renewable energy producers generated 6,100 GWh of energy, almost double compared to 2012. Green energy represents around 20 percent of total production capacity in Romania.

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