The PATRES organization, set up in 2014 and which represents 83 companies that produce renewable energy and have a total installed capacity of over 400 MW, said the green certificate trading market is on the verge of collapse due to lower mandatory renewable energy quotas.
In 2014, the mandatory renewable energy quota was set at 11.1% instead of 15% and the 2015 quota is 11.9% instead of the 16% established in the initial law regulating the sector.
“In total, there are over 4 million extra certificates on the market that have no buyers due to the low quota. By the end of the year, this number will rise to 6 million unwanted green certificates, which add up to 3 million left from last year. Simple calculations show there will be 21 million green certificates on the market by the end of the year and energy suppliers will only be forced to buy 12 million under the current quota system,” the organization said.