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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

EC to check RO energy market regulator after problematic retail market liberalization

The European Commission (EC) will carry out an analysis on the Romanian energy market regulator ANRE's activity to see how it complies with the legislation as an energy regulator, Hotnews.ro announced quoting a letter sent by the Commission at the end of January amid a scandal prompted by problematic liberalization of the local retail electricity market.

Due to the lack of information, many people had unpleasant surprises when receiving their electricity bills in January.

Households that were under a regulated regime until January 1, 2021, and were automatically switched to the universal service at one of the last resort suppliers (ENEL, Electrica, CEZ, E.ON) received much higher bills than in December.

The bills were also higher than those received by households that had managed to sign new contracts with suppliers under free-market conditions.

Energy consumers must be informed as clearly as possible that they can change their suppliers, following market liberalization, and the authorities must take action in this regard, the EC sent says in a letter sent to the ANRE and the Ministry of Energy at the end of last month.

About 90% of consumers did not know in December that the energy market would be liberalized from January 1, 2021.

January inflation data show that the retail electricity prices rose by 18% in January compared to December, on average (part of the retail customers were already under market contracts; hence their prices didn't change).

This added 0.8pp to the annual inflation, which hit 3% year-on-year versus 2.1-2.5% expected by the central bank (BNR) before the liberalization scandal.

(Photo: Pixabay)

andrei@romania-insider.com

Normal
Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

EC to check RO energy market regulator after problematic retail market liberalization

The European Commission (EC) will carry out an analysis on the Romanian energy market regulator ANRE's activity to see how it complies with the legislation as an energy regulator, Hotnews.ro announced quoting a letter sent by the Commission at the end of January amid a scandal prompted by problematic liberalization of the local retail electricity market.

Due to the lack of information, many people had unpleasant surprises when receiving their electricity bills in January.

Households that were under a regulated regime until January 1, 2021, and were automatically switched to the universal service at one of the last resort suppliers (ENEL, Electrica, CEZ, E.ON) received much higher bills than in December.

The bills were also higher than those received by households that had managed to sign new contracts with suppliers under free-market conditions.

Energy consumers must be informed as clearly as possible that they can change their suppliers, following market liberalization, and the authorities must take action in this regard, the EC sent says in a letter sent to the ANRE and the Ministry of Energy at the end of last month.

About 90% of consumers did not know in December that the energy market would be liberalized from January 1, 2021.

January inflation data show that the retail electricity prices rose by 18% in January compared to December, on average (part of the retail customers were already under market contracts; hence their prices didn't change).

This added 0.8pp to the annual inflation, which hit 3% year-on-year versus 2.1-2.5% expected by the central bank (BNR) before the liberalization scandal.

(Photo: Pixabay)

andrei@romania-insider.com

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