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The Effects Of Electricity From Renewable Energy For The Energy Security Of Romania

Author

Listed:
  • Mihaela IONESCU

    (University of Oradea)

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.

Suggested Citation

  • Mihaela IONESCU, 2019. "The Effects Of Electricity From Renewable Energy For The Energy Security Of Romania," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 21, pages 197-203, December.
    • Handle: RePEc:cmj:seapas:y:2019:i:21:p:197-203
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    References listed on IDEAS

    as
    1. Lion Hirth, 2015. "The Optimal Share of Variable Renewables: How the Variability of Wind and Solar Power affects their Welfare-optimal Deployment," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
    2. Constantin ANGHELACHE & Valentin BICHIR & Alex BODISLAV & Oleg CARA, 2013. "Energy Management throughout European Union after Fukusima disaster," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 61(2), pages 106-115, May.
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    More about this item

    Keywords

    Economic growth; Energy mix; Energy security; Renewable energy;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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