First details of the regulated market: Hydro and Nuclear Energy at a cost plus 5%, tariffs set by ANRE and the free market

Domestic consumers of electricity will receive energy at a price regulated mainly by Hidroelectrica and Nuclearelectrica, at a price calculated on the basis of production costs plus a reasonable „reasonable” margin, and the regulation of final prices could be done for all categories of customers households, and the current regulated market (about 7 million customers) and the competitive market (almost 2 million customers). Information has been provided to us by sources from the Energy Regulatory Authority (ANRE), the institution that has to create specific legislation to implement the provisions of the famous GEO 114/2018, which regulates the reintroduction of regulated energy prices for the population, in the period 2019-2022.

Source: Economica

Chaos in energy after OUG 114: for who is regulating the price, what happens to the free market, with clients and on-going contracts

In the absence of signals from ANRE, the energy market is confused with regard to the provisions of the famous GEO 114/2018, which establishes regulated prices for domestic consumers. All actors are waiting for ANRE rules. In OUG 114 it is stated that the producers are obliged to „deliver to the providers of last resort, during March 1, 2019-28 February 2022, the electricity needed to ensure the consumption of household customers for which they apply regulated tariffs in accordance with the regulations developed by ANRE”.

Source: E-nergia, Economica

The state waits for OMV Petrom to raise capital with land

The Ministry of Energy sent us at the end of last year that it expects OMV Petrom to finish obtaining all certificates of ownership of land (CADP) in order to raise capital with land at OMV Petrom, although the Court of Accounts has found for years that the obligation to increase the share capital with land at OMV Petrom was not met.

Source: Financialintelligence

„Capping the price of gas production distorts the market”

„The Government explains the capping of the price of gas production under the pretext of a protective measure, but it does not seem to be much addressed to the average Romanian who has difficulty paying his energy and gas bill but rather for the protection of suppliers! This explanation appears even in the text of the Emergency Ordinance! The authors of this document invent a possible situation where suppliers could not deliver gas to the population because of too much domestic production but, on the other hand, the Government did not take any concrete measures to protect vulnerable consumers, „says Cristina Pruna, deputy USR in the Committee of Industries and Services of the Chamber of Deputies.

Source: Financialintelligence