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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 Govt. endorses new and improved 'cap and subsidy' scheme for energy prices

The Romanian Executive on January 25 approved the revised 'cap and subsidy' scheme for residential and industrial energy consumers, to be enforced from February 1 until the end of March.

The new scheme envisages lower cap prices for electricity and natural gas and, for households, larger monthly quotas for subsidies.

For instance, the households with monthly consumption of under 500kWh (versus 300kWh previously) will receive a subsidy, besides having the price capped at RON 0.8 per kWh (RON 1 per kWh previously).

In addition to the categories of non-residential users previously included in the law (such as hospitals, schools, kindergartens, universities, NGOs), the scheme has been expanded for almost all non-household consumers.

"I am referring to absolutely all non-household consumers, with the exception of large electricity consumers who have benefited from Ordinance 81 on a state aid scheme approved by the European Commission. We are also in talks with the Commission to renew this scheme," energy minister Virgil Popescu commented, according to Economedia.ro.

He also said that the RON 3 bln (EUR 600 mln) budget for the scheme is sufficient for the revised format.

The scheme was initially enforced as of November 1. 

andrei@romania-insider.com

(Photo source: Mk Studio/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 Govt. endorses new and improved 'cap and subsidy' scheme for energy prices

The Romanian Executive on January 25 approved the revised 'cap and subsidy' scheme for residential and industrial energy consumers, to be enforced from February 1 until the end of March.

The new scheme envisages lower cap prices for electricity and natural gas and, for households, larger monthly quotas for subsidies.

For instance, the households with monthly consumption of under 500kWh (versus 300kWh previously) will receive a subsidy, besides having the price capped at RON 0.8 per kWh (RON 1 per kWh previously).

In addition to the categories of non-residential users previously included in the law (such as hospitals, schools, kindergartens, universities, NGOs), the scheme has been expanded for almost all non-household consumers.

"I am referring to absolutely all non-household consumers, with the exception of large electricity consumers who have benefited from Ordinance 81 on a state aid scheme approved by the European Commission. We are also in talks with the Commission to renew this scheme," energy minister Virgil Popescu commented, according to Economedia.ro.

He also said that the RON 3 bln (EUR 600 mln) budget for the scheme is sufficient for the revised format.

The scheme was initially enforced as of November 1. 

andrei@romania-insider.com

(Photo source: Mk Studio/Dreamstime.com)

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