Romania’s market regulator green lights natural gas cap

28/02/2019 08:59 Natural Gas

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Romania's National Regulatory Authority for Energy - ANRE approved on February 27 the methodology (secondary legislation) on regulating the gas price according to the Government's emergency ordinance (OUG) 114/2018.

ANRE said the new methodology will not lead to higher prices for the population and will secure transparent and non-discriminatory access for all domestic customers to the natural gas derived from domestic production at the rate of RON 68 (EUR 14.3) per MWh.

 

The provisions of OUG 114 on the natural gas price is likely to trigger infringement procedures from the European Commission, the local oil companies’ association ROPEPCA warned quoting a Deloitte report on the topic. Capping gas prices will also cost the country’s budget some RON 2.3 billion (EUR 500 million) per year.

 

The natural gas prices will be regulated starting April 2019 until February 2020.

Source: romania-insider.com

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