The Government has decided that it is time to take steps to amend the subsidy scheme for renewable energy to bring the bills paid by consumers down to a bearable level. The good and welcome intention to cut the costs with green certificates by 50% has turned into a regulation which resembles a hodge-podge of inconsistent and unclear measures which could cause a flurry of lawsuits from investors, following which the government could pay a huge amount of damages.

Theoretically, the green certificates should cost us 50% less, but essentially the outcome can't be quantified because of the problems in the implementation of the measure.

The law for the approval of the ordinance is expected to be licensed today, in the joint assembly of the two chambers of the Parliament, and it would seem that there are few chances that the Parliamentarians will agree to an acceptable amendment of the draft ordinance.

The Emergency Ordinance which postpones the granting of an important chunk of the green certificates which green energy makers are entitled to was debated yesterday in the Commission for Industries of the Chamber of Deputies, turned into a circus. Investors fervently supported their cause, the Department for Energy of the Ministry of the Economy turned down any proposal to amend the ordinance, the deputies said whatever crossed their minds, and the management of the energy regulator (ANRE) played the part of a ping-pong ball as it attempted to mediate the discussion.

Essentially, the summer holiday is "in the air" in the Parliament, and some of the deputies were actually whispering yesterday that "the party directive" was to not accept amendment and for the ordinance to go through in its current form adopted by the Government, ambiguous as it is.

The ordinance stipulates the postponement of the granting of 1 green certificate per MWh gene