The head of the electricity supply companies of the PPC group in Romania says that the current support scheme for domestic electricity customers needs to be adjusted, in the context of which there are now discussions for its continuation after April 1, 2025, when the market would be liberalized . “Today we have a scheme […]
Romania received a letter of delay from the European Commission, which does not represent a conviction or sanction but a call for clarification and adjustment of the national legislation, the representatives of the Ministry of Energy convey in a press release. “The infringement procedure started by the European Commission is at an early stage, in […]
The European Commission decided on Thursday to initiate a procedure for finding non-fulfillment of obligations by sending a letter of formal notice to Romania for limiting the freedom of market participants to set their wholesale prices for electricity and gas, as well as gas exports, shows in a communique of the Community Executive taken over […]
The European Commission accepted that, within the Council of Ministers of October 15, the joint request of Romania, Bulgaria and Greece regarding a functional energy market be debated, the Minister of Energy declared, on Wednesday, at the briefing at the end of the Government meeting , Sebastian Burduja. “Romania’s request was accepted by the European […]
Greece’s Energy Minister Theodore Skylakakis said on Monday that the EU’s single electricity market was not working for Southeast Europe, adding that he would work with Romania and Bulgaria to find a permanent solution to exploding electricity prices in the region. informs Reuters, transmits Agerpres. Greece gets almost half of its electricity from photovoltaic and […]
Large amounts of diesel are arriving in Europe as large oil tankers, which would normally be used to transport crude oil, unload diesel from the Middle East in Europe, reports Bloomberg, quoted by Agerpres. Data from consulting firm Vortexa shows that in August diesel imports could rise to the highest level since January 2023. The […]
The price of gas continues to rise on the markets, both in Romania, one of the few significant producers in the EU, and in Europe. Romania exports gas online and continues to fill its storages. The price of natural gas traded today, August 12, at the Romanian Commodity Exchange (BRM) with delivery on August 13 […]
Stock market developments show trends of gas price increases, which will translate into price increases for the final consumer, who will pay up to 0.5% higher prices compared to the price paid now until March 31, 2025 and with up to 26% higher after April 1, 2025. In the last two weeks, the price of […]
In the first quarter of 2024, Romania had the fourth lowest price for natural gas in the European Union and the fifth for electricity, says the Minister of Energy, Sebastian Burduja, citing Eurostat data. “Good news comes from Eurostat: Romania continues to have among the lowest prices for electricity and natural gas in the European […]
With the entire market eagerly awaiting the launch of the Contracts for Difference (CfD) scheme, the Ministry of Energy has published another crucial piece of the CfD puzzle: the order approving the scheme. The only missing piece now is the Ministry of Energy’s order for auction initiation. This latter order is also the most important […]
Rising tensions between Israel and Iran threaten to disrupt oil supply chains and could push oil prices above $135 a barrel, which could be an optimistic assessment if all plays out ” the arsenal” of the mairi Islamic crude oil producing countries. However, the world’s superpowers, who more or less directly support both sides of […]
Against the background of the advance of photovoltaic and wind energy, electricity has increasingly reached the situation where it is sold on the market at negative prices, a paradoxical trend that threatens a sector on the front line of the fight against global warming, reports AFP, quoted by Agerpres. At the end of June, France […]
The Regulatory Authority issued an order, put up for public debate, which will change the settlement mechanism of transactions in the balancing market, where huge prices were reached this year, and of 16,000 lei/MWh. Electricity producers who will offer energy in the balancing market will no longer receive the marginal price at which the market […]
Today, July 4, a meeting was held at the headquarters of the Ministry of Energy with the representatives of the main entities on the energy chain. The meeting took place in the context of recent increases in electricity prices on the Balancing Market. Sebastian Burduja, Minister of Energy: “I noticed that in the last few […]
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