According to PATRES (The Employers Organisation of Renewable Energy Producers), the green certificate market is collapsing due to the considerable reductions of the mandatory annual renewable energy quota (11.9% in 2015, compared to 16%, as had been provided for by Law No 220/2008). Many renewable energy investors, in particular small and medium-sized producers are affected. By the end of this year, 21 million green certificates will be available on the market, of which, in accordance with the established quota, suppliers will only have to purchase 12 million. As a result, renewable energy producers will sustain massive losses.
What are the steps that need to be taken in order to remedy the situation created on the green certificate market and in order to bring renewable energy on an upward trend?
What recommendations can the Commission make to the Romanian authorities in order to launch a consultation process with a view to the design of fair and predictable market mechanisms for all the participants?