News

Market mechanism ensures reliable consumption coverage

Published

April 24, 2015

Comments

0

Share

Published:

April 24, 2015

Comments:

0

Share

The electricity market mechanism implemented in Romania contributes to the safe operation of the national electricity system, enabling it to dependably cover consumption needs „from both the domestic output and from imports“, Marian Cernat, director of the National Energy Regulatory Authority (ANRE), told the Forum of Electricity Network Operators and Power Suppliers.

Measures adopted between 2010 and 2014 resulted in energy savings estimated at some 918,000 tonnes of oil equivalent (toe), according to ANRE.

During that period, 886 companies carried out energy audits, following which energy investments amounted to almost EUR 1 billion, Energy World magazine’s portal reported.

Romania’s net electricity exports totaled 7.1 TWh last year, 3.5 times more than in 2013, according to the audited results presented by Transelectrica, the domestic system and transmission operator, Govnet.ro business news gate reported. Total exports came to 8.5 TWh, 45 percent above the 2013 level, while imports nearly halved to 1.4 TWh from 2.7 TWh. The export volume recorded last year was the highest since 2004, when Transelectrica started to register electricity exports and imports separately, explained Ion Toni Teau, the company’s CEO, during a press conference.

Related Articles

drina-hydropower-plants

Court annuls environmental permit for Drina hydropower project

02 May 2024 - The construction of large hydropower plants on the Drina is facing new delays, after a court ruling to scrap the environmental permit for HPP Foča

Two agrosolar power plants are planned to be constructed in Serbia

Two agrisolar projects launched in northern Serbia

02 May 2024 - In the vicinity of Kikinda in Serbia, two new agrisolar projects are underway: Solar Power Plant Delta and Brankov solar

el-dorado-electricity-imports-north-macedonia-rke

North Macedonia: ‘Solar El Dorado’ cuts electricity imports to 2.75%

02 May 2024 - In 2023, North Macedonia's new solar capacity increased by as much as 251% compared to 2022

EU-back-seven-green-hydrogen-projects-EUR-720-million

EU to back seven green hydrogen projects with EUR 720 million

01 May 2024 - The green hydrogen projects were selected in the first auction held under the European Hydrogen Bank initiative