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July 31, 2021

Cutback in green certificate contributions for large electricity consumers dependent on investments

Cutting back the green certificate contributions for large electricity consumers will require taking certain steps, such as investing in personnel and in ways of improving consumption efficiency, Constantin Nita, Minister of Economy, stated in a press conference yesterday. “Hopefully, electricity will no longer have a destabilizing effect on export prices as of August 1,” Nita said.

In recent years, large electricity consumers like Alro Slatina or AlcelorMittal Galati have repeatedly complained about the much too high electricity prices and the state aid given to renewable energy producers.

According to a government decision draft, large electricity consumers will only pay 15 to 60 percent of the green certificates stipulated by law. The state aid is aimed at preventing companies from losing their competitiveness because of support given to renewable energy producers. “Based on the energy-intensiveness of enterprises under Par. (2), the beneficiaries will pay the following percentages of the number of mandatory green certificates: 15 percent for electro-intensities above 20 percent, 40 percent for electro-intensities between 10 and 20 percent, and 60 percent for electro-intensities between 5 and 10 percent,” the decision draft shows. The aid scheme is valid for 10 years and applicable upon approval from the European Commission.

On a different topic, Constantin Nita announced that the Ministry of Economy and the Ministry of Public Finance are working to draw up an aid scheme for large natural gas consumers. “The problem, in this case, will be what to do with small gas consumers, since the regulated price could exceed the free market price,” Nita stated, adding that this evolution of regulated gas prices is projected for a four to five-year period.

Razvan Nicolescu, Minister Delegate for Energy, had stated in May that the convergence process of natural gas prices for the industry had been completed and the price increase mentioned in the agreement with the International Monetary Fund (IMF) and European Commission (EC) was no longer necessary.


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