News 20111114 res

1. News November 10th, 2011
MET: Support scheme for renewable sources
increase electricity price by a few euros
Electricity price increase following the implementation of support
scheme for renewable sources is not "a fantastic amount", is "a few
euros," said Mircea Cotoşman on Monday, environmental adviser to
the Ministry of Economy and Trade.
"The price increase is a few euros, not fantastic sums. Now is the time to pay, after 200 years of
pollution without knowing", said Cotoşman in a seminar on renewable energy.
Companies that invest in energy production from renewable sources receive state aid as green
certificates, granted for produced energy. Thus, an investor makes money from both the sale of
energy and the green certificates traded on that market, because electricity suppliers are obliged to
buy the annual quota.
Supporting renewable energy will increase the final price of energy.
According to calculations by the National Authority for Energy Regulation (ANRE), Romania's
electricity consumers will pay €10 billion in addition to bills by 2020 to support investment in
renewable energies.
Eng. Paul Keisch Page 1

2. News November 10th, 2011
Support scheme through green certificates will be implemented by 2021. The biggest impact will be
felt in 2016–2017, when consumers could end up paying for energy up to 30% more. In 2012 the
price would rise by 2.5%, according to ANRE.
Cotoşman said that Romania had a choice of several support systems and is bound by agreements
with the European Union to provide support such investments.
"Support Scheme is an obligation to the EU renewable energy targets. We had to choose
between several systems to encourage these investments", said the official of the Ministry of
Economy.
Asked whether the investors in renewable energies are required to reinvest some profit in the local
market, the counselor said "not everything can be produced in Romania".
However, Cotoşman said representatives of several European countries have not taken seriously
when he introduced the budget support scheme for renewable investment.
"It is one of the most generous support schemes in Europe, if not the most generous. We believe
that the essence of the scheme is good. Anecdotally speaking, all surrounding states, Albania and
Serbia, spoke about millions of euro. When I told them that we give €9 billion, we seemed to be
uncredited. I do not know if they took me seriously. It would be better for us also to produce
equipment for wind, it would be ideal", said Cotoşman.
Late last year, in Romania were installed wind electricity production units of 462 MW. Installed
capacity of wind energy production could reach 1 GW at the end of this year and could double next
year, allowing the supply of electricity to over 7.7 million consumers.
Eng. Paul Keisch Page 2