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 households unlikely to avoid massive electricity price hike in April

The first contracts, typically over a 12-month period, signed on the electricity market that was liberalised at the beginning of 2021, will expire this spring and will have to be renewed at a price of up to RON 1.5 per kWh, according to Profit.ro.

In most cases, the contracts were signed at a price much lower. Furthermore, the end-user price for all household consumers was capped during the cold season to RON 1 per kWh.

After the cap and subsidy scheme is phased out at the end of March, the suppliers will hike the prices to cover the losses incurred over the last year when they had to pay the spot price (up to RON 1.4 per kWh, not including other fees and taxes). 

andrei@romania-insider.com

(Photo source: Dreamstime.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 households unlikely to avoid massive electricity price hike in April

The first contracts, typically over a 12-month period, signed on the electricity market that was liberalised at the beginning of 2021, will expire this spring and will have to be renewed at a price of up to RON 1.5 per kWh, according to Profit.ro.

In most cases, the contracts were signed at a price much lower. Furthermore, the end-user price for all household consumers was capped during the cold season to RON 1 per kWh.

After the cap and subsidy scheme is phased out at the end of March, the suppliers will hike the prices to cover the losses incurred over the last year when they had to pay the spot price (up to RON 1.4 per kWh, not including other fees and taxes). 

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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