The number of green certificates traded in the first seven months of this year on the Centralized Green Certificates Market was 2,281, about 15.7 times down from the 35,875 units traded in the similar period of 2015, shows data released by the electricity market operator OPCOM.
A number of 71 sale and just one purchase offer were launched in July, and only one green certificate was traded for 132.4045 lei. No green certificate was traded in the similar period of the previous year.
There were 880 registered participants to the Green Certificates Market at the end of July 2016.
Last year, the number of green certificates traded on the Centralized Green Certificates Market fell more than 73-fold to 36,618, compared to over 2.675 million traded in 2014.
Transelectrica issued 15.1 million green certificates throughout 2015 and until March 10, 2016, but 480,820 certificates have expired and can no longer be traded, according to data published on the website of the centralized energy market operator OPCOM.
Thus, a total of 14.15 million green certificates for the renewable energy produced in 2015 by the participants to the green certificates market were referred to OPCOM, and 1.016 million units have been issued for the green energy produced until March 10, 2016.
At the proposal of the Energy Regulatory Authority, the government approved for this year a 12.15 percent share of renewable energy, instead of 17 percent as initially provided for by Law 220/2008.
The green certificate is a form of supporting the production of electricity from renewable sources, certifying that an amount of 1 MWh of electricity has been produced from renewable energy sources.
The mandatory quota system represents a mechanism to promote the production of electricity from renewable sources by the acquisition, by the suppliers, of a number of green certificates corresponding to the mandatory quotas for electricity produced from these sources. The mandatory quota of green certificates for 2015 was 10.8 percent.
The price of green certificates varies within a range established by Government Decision. The lower limit is set for the protection of the producers, while the upper limit is for the protection of the consumers.
The renewable sources eligible to participate in the green certificates trading system are hydro energy used in plants with a maximum installed power of 10 MW, wind, solar and geothermal energy, and associated fuel gases, biomass, biogas, waste fermentation gas, sewage sludge fermentation gas.