Hidroelectrica wins case for power export to Hungary


December 2, 2015





December 2, 2015




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

Rumen Radev Hydrogen investor becomes Bulgaria s new energy minister

Hydrogen investor becomes Bulgaria’s new energy minister

08 June 2023 - Bulgaria's new Minister of Energy Rumen Radev is a director of Holding Zagora, which participates in the Stara Zagora hydrogen valley project

low carbon strategy serbia

Serbia adopts Low Carbon Development Strategy

07 June 2023 - The most expensive scenario for the country is to ignore the costs related to climate change, the document said


Hidroelectrica to conduct IPO on Bucharest Stock Exchange in July

07 June 2023 - Fondul Proprietatea intends to sell most of its 19.94% ownership of state-owned Hidroelectrica or the entire stake

Albania, Republic of Srpska sign agreements for activating national guarantees of origins registries

Albania, Republic of Srpska roll out registries for guarantees of origin

07 June 2023 - Now they can start issuing GOs and engage in trading in line with EU rules, the Energy Community Secretariat said