Romanian Government undermine the country’s electricity market

Wind Industry Profile of

The Romanian Government introduced a set of three measures to tackle high energy prices. The underlying thought behind these new rules is to support consumers who would struggle otherwise. But they are simultaneously putting excessive pressure on power generators and distributors.

First, domestic and corporate consumers receive financial compensation for their elevated power bills. This compensation is paid for by a levy on electricity suppliers. This levy is a pure added cost for them. The Government promised to provide compensation as suppliers are not making any extra money. Most of them have hedged their power sales in long-term contracts. But the Government has not provided any support yet. The Government also imposed an 80% tax on renewable energy... ... More: Official Press Release WindEurope

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Romania, onshore, price, energy prices, costs, rules, electricity, struggle, power sale, government, measure, tax, renewable energy, WindEurope