THE EFFECTS OF ELECTRICITY FROM RENEWABLE ENERGY FOR THE ENERGY SECURITY OF ROMANIA

Mihaela Ionescu
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Mihaela Ionescu: University of Oradea

SEA - Practical Application of Science, 2019, issue 21, 197-203

Abstract: In this article, the author presents some aspects of the Romanian energy system which undergoes crucial transformations in the conditions of sustainable development. The promotion of energy from renewable resources is one of the challenges currently facing the Romanian economy. Due to the efficient political support so far, the electricity generated by renewable energy already represents a relevant share of 24%. As a result, forced market integration and higher renewable energy supply are considered crucial in the next stages of the transformation process. In the long term, the opportunity of installing new coal and natural gas capacities will be given by the evolution of the prices of the ETS certificates, the necessity of establishing a strategic reserve for the SEN safety, the increase of the demand for electricity, the performance of the installed capacities, of the prices of technologies. Romania is among the 14 EU member states that maintain the option of using nuclear energy and investments in two nuclear power plants. But the energy produced by nuclear power plants can be replaced by electricity obtained from renewable sources with much lower costs under sustainable development conditions.

Keywords: Economic growth; Energy mix; Energy security; Renewable energy (search for similar items in EconPapers)
JEL-codes: B41 F41 F43 L51 (search for similar items in EconPapers)
Date: 2019
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