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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. 

 

Romanian provider of last resort asks over EUR 400 per MWh

Electrica Furnizare, a subsidiary of Romanian major electricity supply and distribution group Electrica (with the state as the main shareholder), asked the lowest price for the electricity to be provided in December to customers left with no provider, Economica.net reported.

The price charged under such situations, RON 2,088 (over EUR 400 per MWh), was the lowest - but it is still very high considering that the Government capped the end-user residential electricity price at RON 1,000 (EUR 200) per MWh, including the taxes and fees that are not included in the price asked by Electrica.

CEZ Vanzare, the supply division of the local subsidiary of Czech utility group CEZ, asked the highest price in the auction for selecting the provider of the last instance, RON 3,100 (EUR 620) per MWh.

The price may not be relevant for the average price of the electricity traded on the market, but it has the meaning that the Lombard rate has on the money market - as it reflects the expected marginal price on the spot electricity market. 

(Photo: Dreamstime)

andrei@romania-insider.com

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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. 

 

Romanian provider of last resort asks over EUR 400 per MWh

Electrica Furnizare, a subsidiary of Romanian major electricity supply and distribution group Electrica (with the state as the main shareholder), asked the lowest price for the electricity to be provided in December to customers left with no provider, Economica.net reported.

The price charged under such situations, RON 2,088 (over EUR 400 per MWh), was the lowest - but it is still very high considering that the Government capped the end-user residential electricity price at RON 1,000 (EUR 200) per MWh, including the taxes and fees that are not included in the price asked by Electrica.

CEZ Vanzare, the supply division of the local subsidiary of Czech utility group CEZ, asked the highest price in the auction for selecting the provider of the last instance, RON 3,100 (EUR 620) per MWh.

The price may not be relevant for the average price of the electricity traded on the market, but it has the meaning that the Lombard rate has on the money market - as it reflects the expected marginal price on the spot electricity market. 

(Photo: Dreamstime)

andrei@romania-insider.com

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