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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 [email protected] 

 

RO energy market regulator brings final touch on liberalisation process

Romania's energy market regulator ANRE published another order to address the problems generated by the imperfect liberalization of the retail electricity market enforced as of January 1.

Under the latest order drafted by ANRE, the incumbent electricity suppliers must inform their customers monthly about their best offers to encourage them to adhere to a contract signed on the free market - as opposed to the contracts inherited from before the liberalization, Economica.net reported.

Under the existing procedure drafted before January 1, the customers are moved by default on a universal service regime under which they have to pay a price that at this moment is above the prices asked by suppliers on the free market. As many customers are late in switching to a market contract, they will pay the higher price for an indefinite period.

Energy minister Virgil Popescu stepped in and urged ANRE to prevent such a situation, or else the Government will address the issue itself.

The latest ANRE order still leaves unanswered the question of the price paid by the customers between January 1 and the moment they sign a new contract with a supplier.

Under the latest regulations, the incumbent suppliers are allowed (not compelled) to charge the lower price set in the contract retroactively since January 1.

This is discriminatory against other suppliers, but there is no mandatory requirement that prevents incumbent suppliers from charging the high, universal service price, discretionary for the period until they sign a new contract.

The waiting time for a new contract can be quite substantial given some six new contracts are to be signed this year.

(Photo: Pexels)

[email protected]

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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 [email protected] 

 

RO energy market regulator brings final touch on liberalisation process

Romania's energy market regulator ANRE published another order to address the problems generated by the imperfect liberalization of the retail electricity market enforced as of January 1.

Under the latest order drafted by ANRE, the incumbent electricity suppliers must inform their customers monthly about their best offers to encourage them to adhere to a contract signed on the free market - as opposed to the contracts inherited from before the liberalization, Economica.net reported.

Under the existing procedure drafted before January 1, the customers are moved by default on a universal service regime under which they have to pay a price that at this moment is above the prices asked by suppliers on the free market. As many customers are late in switching to a market contract, they will pay the higher price for an indefinite period.

Energy minister Virgil Popescu stepped in and urged ANRE to prevent such a situation, or else the Government will address the issue itself.

The latest ANRE order still leaves unanswered the question of the price paid by the customers between January 1 and the moment they sign a new contract with a supplier.

Under the latest regulations, the incumbent suppliers are allowed (not compelled) to charge the lower price set in the contract retroactively since January 1.

This is discriminatory against other suppliers, but there is no mandatory requirement that prevents incumbent suppliers from charging the high, universal service price, discretionary for the period until they sign a new contract.

The waiting time for a new contract can be quite substantial given some six new contracts are to be signed this year.

(Photo: Pexels)

[email protected]

Normal
 

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