Changes To The E-RES Promotion Act In Romania

The Romanian parliament has recently enacted law no. 184/2018 for the approval of emergency government ordinance no. 24/2017 ("geo no. 24/2017"), which amends and completes law no. 220/2008 regulating the support scheme for the production of energy from renewable sources, ("e-res promotion act").

Law no. 184/2018, which took effect as of 23 July 2018, aimed to amend the green certificates' support scheme, (formerly revised by the GEO no. 24/2017), in order to maintain a balance between: (i) the protection of the final consumers in the electricity market; and (ii) the financial efforts of the E-RES producers to keep their facilities operational.

In this regard, Law no. 184/2018 provides for a new method of calculation of the green certificate acquisition quota by the market participants upon which this legal obligation is imposed. Hence, the Romanian Energy Regulatory Authority ("ANRE") must establish at the end of each calendar year the mandatory annual green