Romanian household gas prices will increase by 5-8% from July

24/04/2015 00:50 Natural Gas

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Romanian gas prices will increase by 5-8 percent on average starting from July, as a result of the continuing market deregulation agreed under an IMF-led aid agreement, as declared by the head of the country's energy regulator ANRE.

Gas tariffs dropped by 3.9 percent on average in April. Romania had decided to deregulate its electricity and gas markets in phases for households and industrial customers by 2017 and 2018, respectively. The country later prolonged the gas deregulation schedule for households until 2021. About 8 million Romanians and several industrial users pay power and gas prices established by ANRE, which are usually capped below market levels.

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