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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. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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Nuclearelectrica’s planned outage likely to fuel already high electricity prices in Romania

Nuclearelectrica (SNN), one of the largest electricity producers (its two reactors cover 18-20% of domestic consumption), will initiate a one-month planned technical outage on May 9.

This prompts expectations for a further rally of the spot electricity prices, which already soared by 31% in Q1 compared to the same period of 2020. In recent days, the price of energy on the spot market has approached the threshold of EUR 100 per MWh.

"There are several factors, but we need to look at the evolution of the price of CO2 certificates. That is part of the answer," according to experts quoted by Ziarul Financiar daily.

In separate news, Nuclearelectrica's shareholders approved, on May 6, the budget for 2021. The company targets revenues of RON 2.74 bln (EUR 557 mln), up by 6% compared to 2020, and a net profit of RON 562 mln (EUR 114 mln), down 19.6% year-on-year.

Nuclearelectrica has a market capitalization of over RON 8.4 bln (EUR 1.7 bln) after its shares have gained 56% since the beginning of this year.

andrei@romania-insider.com

(Photo source: Nuclearelectrica.ro)

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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. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB
 

Nuclearelectrica’s planned outage likely to fuel already high electricity prices in Romania

Nuclearelectrica (SNN), one of the largest electricity producers (its two reactors cover 18-20% of domestic consumption), will initiate a one-month planned technical outage on May 9.

This prompts expectations for a further rally of the spot electricity prices, which already soared by 31% in Q1 compared to the same period of 2020. In recent days, the price of energy on the spot market has approached the threshold of EUR 100 per MWh.

"There are several factors, but we need to look at the evolution of the price of CO2 certificates. That is part of the answer," according to experts quoted by Ziarul Financiar daily.

In separate news, Nuclearelectrica's shareholders approved, on May 6, the budget for 2021. The company targets revenues of RON 2.74 bln (EUR 557 mln), up by 6% compared to 2020, and a net profit of RON 562 mln (EUR 114 mln), down 19.6% year-on-year.

Nuclearelectrica has a market capitalization of over RON 8.4 bln (EUR 1.7 bln) after its shares have gained 56% since the beginning of this year.

andrei@romania-insider.com

(Photo source: Nuclearelectrica.ro)

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