Romania to Scale Back Clean-Energy Aid to Curb Power-Price Gains
By Andra Timu & Irina Savu
Romania will scale back renewable-power subsidies to limit electricity-price increases for consumers, according to the minister-delegate for energy.
The eastern European country plans to make changes to its incentive program in July or at the beginning of next year, Constantin Nita said today in an interview in Bucharest. It intends to cut the maximum value of so-called green certificates granted for clean-energy generation, he said.
The plan to rein in support for renewables follows similar moves in Spain, France, Italy and the U.K., where debt-strapped governments have reduced aid to avoid overcompensating companies and to curb power-price increases for households and businesses.
Romania, which offers two green certificates for each megawatt-hour generated from wind, may cut the number to one or 1.5, and for solar to 3.5 from six, Ziarul Financiar reported, citing an unpublished draft law. Their maximum value may drop to 30 euros ($39) from 55 euros, the newspaper said.
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