Government proposes 15-years mandatory acquisition of green certificates – Romania, 28 October 2016

Romanian Ministry of Energy has published a draft bill that brings major amendments to current Renewable Law, including new price limits and transaction changes for green certificates, which represent one of the main revenue generation mechanisms for renewable energy producers in Romania. Through these amendments, the Government proposes the enforcement of an annual obligation for […]

Romania recorded the steepest drop in petrol prices in the EU – Romania, 28 October 2016

According to a report by the Romanian Competition Council, the country recorded the steepest drop in the European Union in the retail price of petrol from mid-2014 until July 2016. The drop in petrol price during this period amounted to 23.7 %. The average price of petrol in Romania amounted to 1.1 euros/liter this July, […]

Montenegro will establish its own electricity exchange – Montenegro, 28 October 2016

Next year the company Electricity Exchange should be established in Montenegro, for which the Montenegrin electricity market operator COTEE has allocated an investment of 50,000 euros. In COTEE’s plan for next year, which was adopted by the Government at the last week’s session, the state obliged COTEE, power utility EPCG and electricity transmission system operator […]