Energy markets weekly: Brent,...

During the fourth week of August, Brent oil futures for the Front Month...

Europe: Electricity prices show...

During the fourth week of August, electricity prices in major European markets showed...

European electricity demand trends:...

During the last week of August, electricity demand rose in most major European...

European solar and wind...

During the week of August 25, solar photovoltaic (PV) energy production declined across...
Supported byClarion Energy
HomeSEE Energy NewsRomania: Launching of...

Romania: Launching of new cogeneration support scheme

On 1 March 2022, the new cogeneration support scheme will be launched, said State Secretary at the Romanian Ministry of Energy Niculae Havrilet.

However, the conditions will be much more restrictive. Havrilet noted that a large part of the current cogeneration support scheme beneficiaries will no longer qualify, because they use outdated technology. In November 2020, the National Energy Regulatory Authority (ANRE) has increased the tax for highly-efficient cogeneration has been increased, which is paid by end consumers of electricity. The contribution for high-efficiency cogeneration is approved in the amount of 0.0046 euros/kWh, excluding VAT. Currently, the fees collected from end-users are distributed as subsidies to around 40 power plants in Romania that use this technology. The cogeneration tax was cut by 16 % in April 2020, after Prime Minister Ludovic Orban argued that it failed to meet its purpose since no new cogeneration plants has been developed recently. Since 2010 when it was introduced, some 2 billion euros were collected from end-users, but only a fraction of that amount was invested in new cogeneration capacities, PM Orban claimed.

 

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Energy markets weekly: Brent, TTF gas and CO2 prices show moderate fluctuations in late August

During the fourth week of August, Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $68.80/bbl on Monday, August 25. Prices then fell 2.3% on Tuesday, August 26, hitting a...

Europe: Electricity prices show mixed trends in late August, forecasts point to September declines

During the fourth week of August, electricity prices in major European markets showed mixed trends compared to the previous week. The Nord Pool market in the Nordic countries recorded the largest weekly average increase at 58%. Italy’s IPEX market...

European electricity demand trends: August growth in most markets, UK declines

During the last week of August, electricity demand rose in most major European markets compared to the previous week. Italy saw the largest increase at 6.3%, followed by France at 3.2% and Germany at 2.1%. Spain recorded the smallest...
Supported byVirtu Energy
error: Content is protected !!