Reduction of part of a wider set of measures that the Government intends to implement this year to help industrial customers who have repeatedly warned that energy prices and gas could lead to production cuts and layoffs.
According to the law approved Wednesday by the Board, the share of energy from renewable sources covered by green certificate promotion system for 2014 is set at the share of electricity produced from renewable sources realized in 2013, to 11.1 % of gross final consumption of electricity.
Reuters writes that the measure would also greater uncertainty for private investors in the electricity and natural gas that could stop very significant investment, the government is already reducing support scheme for renewable energy projects.
The incentives, which were in force in 2012, was at the time considered too generous by the European Commission, but they have brought important foreign investors in Romania, especially in the wind energy sector, including the Czech energy company CEZ, Enel of Italy or Energias Portugal.
Support scheme for investors in renewable energy is not the only factor that led to higher energy prices. Government is in the process of liberalizing the electricity and gas markets, liberalization made in stages, as agreed with the International Monetary Fund and the European Commission.
The government has limited the amount of energy produced from renewable sources.
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