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June 27, 2022

Renewable energy could hike electricity bills

The accelerated growth of renewable energy-production will be reflected increasingly more acutely in household electricity bills. All depends on the moment when the new support scheme for environmentally-friendly energy, now awaiting the European Commission’s approval, comes into force. The authorities hope they will get the approval from Brussels by August. Once the new support scheme comes into force, the biggest impact on bills will come from wind energy, in whose case two green certificates will be granted for each MWh delivered in the network, instead of one certificate, as present regulations stipulate. This is to say the value of the bonus will be boosted from EUR 55/MWh to EUR 110/MWh. Once the new bonus is applied, representatives of the National Energy Regulatory Authority (ANRE) estimated, for “Evenimentul Zilei”, the impact on electricity prices paid by household consumers will amount to approx. EUR 2-4.5/MWh, by the end of the year, after a hike of approx. EUR 1.5/MWh has already been applied, since the beginning of the year. On the other hand, according to ANRE’s estimates based on the forecasted evolution of installed power capacities in renewable energy plants, the maximum burden which consumers should bear would amount to approx. EUR 30/MWh, by 2017.

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