News

Hidroelectrica wins case for power export to Hungary

Published

December 2, 2015

Comments

comments icon

0

Share

Published:

December 2, 2015

Comments:

comments icon

0

Share

State-controlled hydropower producer Hidroelectrica SA won the lawsuit against Romania’s Energy Regulatory Authority (ANRE), according to its press release. The watchdog had banned export of electricity and fined the company for its trade in Hungary from December to February, Romania Journal’s website reported.

Hidroelectrica was selling power on a centralized, transparent and competitive platform operated by Tradition Financial Services Ltd., while under obligation to trade on Opcom platform in Romania, ANRE’s document said. According to Euro Insol, the insolvency administrator of Hidroelectrica, the interpretation violates the principle of free movement of goods within the European Union, the report said.

The moment the sentence sets into force, any manufacturer, whether it is called Hidroelectrica, Nuclearelectrica or Oltenia, will be allowed to directly export power on contracts on any of the markets of the EU member states, the company’s trustee Remus Borza said. He added Hidroelectrica has exported 15 MWh, after which ANRE issued a penalty and warning, with supply license withdrawal. State companies were thus deprived of trading for two years, the article adds.

 

Related Articles

croatia green transition subsidies ministry fzoeu

Croatia to allocate EUR 652 million for green transition in 2025

02 January 2025 - The Ministry of Environmental Protection has published an annual plan for public calls for firms, local authorities, households

Most read articles on Balkan Green Energy News in 2024

Most read articles on Balkan Green Energy News in 2024

31 December 2024 - In 2024, the readers of Balkan Green Energy News were mostly interested in investments in the region's energy transition as well as the EU's CBAM carbon dioxide border tax

serbia solar thermal novi sad heating ebrd loan

Serbia secures financing for innovative solar thermal energy storage

30 December 2024 - The solar thermal project will enable the decarbonization of the district heating system and conditions for balancing the power system

Voltalia starts building Spitalla PV plant Albania 100 MW

Voltalia starts building Spitalla PV plant in Albania of 100 MW

30 December 2024 - French company Voltalia broke ground on the Spitalla solar park in Albania of 100 MW, scheduled for commissioning in 2027