THE IMPACT OF RENEWABLE ENERGY SUBVENTION ON THE CAPTIVE CONSUMER

Paliu Popa Lucia and Cosneanu Lavinia
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Paliu Popa Lucia: Constantin Brancusi University of Targu Jiu, Romania
Cosneanu Lavinia: Constantin Brancusi University of Targu Jiu, Romania
Authors registered in the RePEc Author Service: Lucia Popa Paliu

Annals - Economy Series, 2016, vol. 5, 39-44

Abstract: In the context of the European Union policy in the energy field on promoting the development of new and renewable energy forms, the Community legislation on the promotion of renewable sources had a significant development in the recent years. Thus, alternative fossil fuels (geothermal energy, ocean energy, hydropower energy, solar energy, wind energy, biomass and biofuels) contribute to the diversification of the supply on energy to reduce the greenhouse gas emissions and reduce the dependence on fossil fuels markets. Moreover, in accordance with the specifications of the Directive 2009/28/EC on energy from renewable sources there has been set as compulsory target the fact that an amount of 20% of the energy consumption of the European Union by 2020, to be derived from the renewable energy sources. In turn, this objective is detailed in the secondary national compulsory targets given the different starting points of Member States. Based on these aspects, in our country, the unsubsidized renewable energy (hydroelectric), together with the photovoltaic, wind and biomass energy represented in the past three years a contribution well above the target assumed by Romania for the year 2020 of total of the produced energy. In this context, this study aims, on the one hand, to emphasize that the subsidized renewable energy to the captive consumers, by increasing the share of green certificates, results in narrowing the market of the classic manufacturers, on the other hand, to account for these securities as due to the existence of subsidies for the operating activities.

Keywords: green certificates; captive consumer; subsidies for renewable energy; fossil fuels. (search for similar items in EconPapers)
Date: 2016
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