Energy producers who use low carbon technologies will get money from the state if the price of electricity on the market will go under a certain threshold but they will have to return the difference if the price goes above this level, according to Energy Ministry officials.

“The Energy Ministry plans to promote a mechanism similar to contracts for difference, which will apply to all investment projects in low carbon energy production capacities,” said Doru Visan, a state secretary within the Energy Ministry, local Agerpres reported.

Producers will thus be able to get a fixed price for selling their energy. The reference price will be different for each technology used.

Such a mechanism would help Romania carry out the project to build two new reactors at the Cernavoda nuclear power plant.

editor@romania-insider.com