BUCHAREST (Reuters) - Romania aims to lower subsidies for some renewable energy projects from 2014, trying to avoid overcompensating investors while burdening consumers with high power bills.
The move announced on Wednesday by an official from the country's energy regulator ANRE follows growing pressure for subsidy reductions in countries such as Britain and Germany after years of strong government support.
Romania's "green certificates" scheme, which has been described by the European Commission as potentially too generous, has been key to attracting billions of euros in investment, particularly in wind power.