Prva stran - WBC-INCO Net

RON
170
160
150
140
130
120
110
100
90
80
94,5
165
165,39
94,5
165
165,39
94,51
146
165,39
94,51
165
165,39
155
88,58
nov.05 dec.05 ian.06 feb.06 mar.06
Pmin PIPCCV Pmax
155,01
Figure 6. The evolution of the CGCMCP compared with the minimum and the
maximum price.
In March 2006, the minimum and the maximum price
values changed because of exchange rate which is different
from those used in 2005 (the exchange rate established by
Romanian National Bank for last working day of December of
the previous year).
This trend will continue as long as the producer’s number
participants in this market will be much less than those of
suppliers obliged to purchase Green Certificates. Significant
for the correct market functioning is to realize new projects
which can produce an increased number of Green Certificates
on the market: finalizing the wind farm project on the Black
Sea shore as well as developing new biomass and microhydropower
plants projects.
IV. CONCLUSIONS
The main reasons to promote the use of electricity from
renewable energy sources (E-RES) are: economic,
environmental and social.
Because of relative high prices for electricity produced
from RES, to increase the use of E-SRE presumes the
existence of two fundamental elements: financial support
mechanisms and an adequate and stable framework for
regulation.
To avoid market distortion as much as possible, the support
system for RES development must be based on the market
mechanisms. Such system based on market forces,
transparent, cost efficient which limit price increases and
avoid the duplication of support received and, most important,
can be international harmonized, is that of tradable certificate
system.
Romanian Government choose the support for electricity
produced from renewable sources the Tradable Green
Certificates, considering the possibility gives by such system
to harmonize the support systems in European Union and not
lastly, considering the possibility to reduce the prices which
are to be beard by consumers.
OPCOM has an important role in this system as
administrator of the green certificates market – both bilateral
and centralized market – and as market operator for the
centralized green certificate market.
To avoid the double selling of certificates, OPCOM set up
and update the register for green certificates and transfer the
certificates sold from the seller account into the buyer
account, both for the centralized and the bilateral market. All
transactions are registered in the green certificates register.
Romanian market for green certificates has 5 month of
functioning.
The market is still in the phase of development. Only four
producers joined the market until now, but the five producer
will join it soon and. There are projects for wind farms
construction on the Black Sea shore, which will be finalized
probably until the end of 2006 or until the first semester of
2007.
The market fluidity will be assured by the producers which
are not suppliers too. In this stage, the Market Clearing Price
reflects the capacity of E-RES deficit and the trend will
continue until the offer will balance the demand.
OPCOM as a market operator and in the future as a power
exchange, trades two different produces, independently each
other and has in view the possibility to trade CO2 emission
permits and certificates for energy efficiency (White
Certificates), according to the evolution of Romanian policy in
climate change mitigation and energy efficiency.
V. REFERENCES
[1]. GD 958/2005 amending GD 443/2003 and GD 1982/2004
[2]. GD 1982/2004 for the establishment of the promotion system for
electricity produced from renewable energy sources
[3]. GD 1420/2004 for the approval of the Regulation for the Origin of
electricity produced from renewable energy sources certification
[4]. GD 443/2003 on the promotion of electricity produced from renewable
energy sources
[5]. ANRE Ordinance no. 40/2005 – The Regulation for the organization
and functioning of Green Certificates Market in Romania
[6]. GD 1535/2003 concerning the approval of the Romanian strategy for
renewable energy sources capitalization
[7]. ANRE, 2004 – “Assessment of the regulation framework and necessary
actions to be taken concerning the electricity production from renewable
energy sources”
[8]. ANRE Ordinance no 10/2005 – “The Methodology for the
establishment of the minimum and maximum transaction values for
green certificates”
[9]. Ministry of Environment and Water Management, 2005 – “National
strategy on Climate Change of Romania” – 2005-2007
[10]. Ministry of Economy and Commerce, 2003 – “Road Map for energy
sector of Romania”.
VI. BIOGRAPHIES
Gherghina Dida Vlădescu was born in Slobozia Mîndra, Romania, on March
13, 1957. She graduated from the University of Bucharest, and studied at the
Physics Faculty of Bucharest University.
Her employment experience included the Energy Research and
Modernization Institute (ICEMENERG), The National Institute for
Meteorology and starting with 2001, the Romanian Electricity Market
5