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

Third utility-scale solar power plant to be installed in Herzegovina etmax

Third utility-scale solar power plant planned to be developed in Herzegovina

17 September 2021 - The Government of the Republic Srpska decided to initiate the procedure for granting a concession for the Nevesinje PV plant.

eps e3 international energy crops EPS to burn biomass in coal power plants

EPS piloting mixing biomass with coal in its thermal power plants

17 September 2021 - State-controlled power utility Elektroprivreda Srbije (EPS) has launched a pilot project with US company E3 International

Romania Oltenia switch coal solar power proceeds CO2 permits

Romania’s Oltenia to switch from coal to solar power using proceeds from CO2 permits

16 September 2021 - Romania hopes to get most of the EUR 671 million for solar power plants in coal complex CE Oltenia from the EU's Modernization Fund

undersea power cables connect Europe Africa

Several undersea power cables about to connect Europe with Africa

16 September 2021 - Greece and Egypt are in talks about the possibility to lay a 2 GW submarine interconnector on the bottom of the Mediterranean Sea