Largest Romanian power consumer speaks against renewable energy support.

By bne IntelliNews February 1, 2013
Romanian aluminium producer Alro has openly criticised the renewable energy support scheme of the government, accusing it for the major negative impact on consumers and massive distortions on the free market, Ziarul Financiar daily reported, quoting the company's deputy CEO, Marian Nastase, as saying. Moreover, the wind power industry does not generate a significant number of workplaces, Nastase said. It is the first time that a large company speaks openly against the support provided to the green energy support scheme and its statement comes at a time when the government itself has expressed concerns related to the side-effects of the tradable green certificates (TGC) system. According to the daily, power regulator ANRE has calculated that the end-users will pay a huge amount of EUR 10bn (7.4% of last year's GDP) only for the support given to the renewable energy producers. The generators would cash under the TGC system EUR 0.5bn in 2013, when 4pps of the expected 10% electricity price hike would be prompted exactly by the TGC, energy minister Constantin Nita estimates.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss