The new renewable energy law could be adopted by the Presidency in early June, to be published in the Official Gazette by the end of the month, energynomics.ro has learned. Subsequently, to approve the legislation on regulated tariffs for small players (feed-in tariffs) Government will benefit from a statutory period of 90 days.
Under the new law of renewables, small players in the electricity market, with a capacity of more than 3 MW, may conclude bilateral agreements for energy – an exception to the primary legislation in force.
“In addition, the law introduces the obligation to suppliers to buy green certificates quarterly, which will optimize their cash flows”, says the quoted source. Currently, the certificates are bought annually, when also the 16% tax is paid, another issue now under debate.
Also under the new law, the 125-249 MW wind projects can be approved directly, without the approval of the European Union. For the new subsidy system by feed-in tariffs, market players will have to wait another 90 days from the approval of the new law on renewables – which is the official term that the Government has at its disposal to issue the related Decision.
Under current discussions, all players with projects smaller than 5 MW will benefit from feed-in tariffs, except the wind farms, but the law may still undergo changes.
“At present the feed-in tariff system is still under discussion, we do not know what will be the final form of the law, nor date it will be issued”, told us a representative of the market’s regulatory body, ANRE. Regulated tariff system will not need to go through Parliament, which will enter the vacation period in about a month.