4.1. Overview of the tradable green certificates system...

4.1. Overview of the tradable green certificates system The support system for renewable energy in Romania, i.e. quota system with tradable green certificates, was launched in 2004 in order to achieve two goals: to reduce the prices for consumers and to protect the generators of renewable electricity. Wind energy, solar energy, biomass, micro hydro and geothermal energy are all sources of energy that can be supported by this system [68]. The trading of green certificates is ensured by OPCOM (green certificates market operator) who establishes the prices on the centralized market of green certificates. The green certificates are sold on the green certificates market, independently from electricity sold on the electricity market. The green†¦show more content†¦Renewable electricity producers operate both on the electricity market (as producers of electricity), and on the green certificates market (as owners of green certificates). If they do not fulfill the annual mandatory quota, then they have to pay a penalty equal to the value of the green certificates not purchased. The payment is made to Transelectrica S.A., who is the power grid company. The evolutions of the Romanian economy and energy sector, as well as the international trends have induced the necessity of updating the strategies, policies, plans and programs previously developed. The Romanian Energy Strategy for the period 2007 – 2020 updated for the period 2011 – 2020 states as the overall objective of the energy sector to meet the energy needs both now and in the medium and long term, at the lowest possible price, suitable for a modern economy, and a decent standard of living, in terms of quality and energy security, respecting the principles of sustainable development [61]. Having in mind the role of energy in society and in all economic sectors, the development of this sector is made under the supervision of the state, through the development and the implementation of the sector strategy. For the promotion of renewable energy sources the strategy envisages the following measures [61]: - Development of the use of renewable energy sources for electricity and heat production throughShow MoreRelatedValue Chain Analysis : A Competitive Strength Of The Organization1527 Words   |  7 Pagesactivities are directly concerned with the creation or delivery of a product or service (Mullins Syam, 2014). CCCC can be grouped into five main areas: inbound logistics, operations, outbound logistics, marketing and sales, and service. Each of these primary activities is linked to support activities which help to improve the effectiveness or efficiency for CCCC products and services. 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