Electricity

Romania’s electricity market is now fully liberalized

Romania's electricity market is now fully liberalized

Photo: Pixabay

Published

January 12, 2018

Country

Comments

0

Share

Published:

January 12, 2018

Country:

Comments:

0

Share

Since the beginning of this year, the electricity market in Romania is fully liberalized – there will be no longer regulated tariffs that household consumers paid until December 31, 2017.

Consumers of electricity in Romania now can choose between competitive regime and universal service market, with the option to return to the universal service market at anytime.

Since the market is now going to be competitive and non-discriminatory mechanism for the sale of electricity in Romania, the price of electricity is expected to be more favorable since the universal service market is a safety market.

The Romanian Regulatory Authority for Energy (ANRE), according to Romanian media, will only endorse the final tariffs for consumers who do not change the supplier.  For the first six months this year, ANRE approved tariffs that are 0.34% lower than those in the previous semester.

The whole process of price deregulation started in 2007, with the implementation of the World Bank’s recommendations. Still, the price deregulation for all but household consumers was completed four years ago, on January 1, 2014. For the household consumers, the process went in stages and finally ended with the last day of 2017.

Full liberalization of electricity market, as a top priority in the government program, was announced in May last year, at the International conference Electricity Market Liberalisation – Bulgaria in a Regional and European Context, held in Sofia. The Ministry of Energy said back then that the process of liberalization would place energy under entirely market conditions and at the same time would ensure security for investors.

In April last year, Romania liberalized domestic gas market.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Greece remains world most attractive renewable energy markets

Greece remains among world’s most attractive renewable energy markets

29 November 2022 - EY kept Greece and Turkey in its Renewable Energy Country Attractiveness Index of 40 countries. In another ranking, Greece is second in the world!

romania popescu minister power storage battery

Romania to grant EUR 103.5 million for battery storage projects

29 November 2022 - The Government of Romania has launched a public call for EUR 103.5 million in grants for investments in electricity storage capacities

EU heavily dependent on solar panels, wind turbines imports Eurostat

EU green technology imports twice as high as exports – Eurostat

29 November 2022 - Buyers in the European Union spent EUR 15.2 billion last year on solar panels, wind turbines, and liquid biofuels from abroad

Coal regions Western Balkans Ukraine funds just transition

Coal regions in Western Balkans and Ukraine lack dedicated funds for just transition

29 November 2022 - The Initiative for Coal Regions in Transition in the Western Balkans and Ukraine held an annual meeting in Brussels