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Gas for the population got cheaper on the Stock Exchange up to 38 lei MWh, almost half against the regulated price

The price of gas for the population in Q3 of the year, once the deregulation of the market reached 38 lei/MWh at the the Romanian Stock Exchange for Goods, almost half against the regulated price at present, according to the quotations published by the stock exchange operator.

On Friday there were the first tradings with gas on BRM on the basis of the programme of gas release established by the National Authority for Regulation in the domain of Energy (ANRE) with a view to deregulation of the market on 1st July.

Thus, by contacts forward with delivery in Q3 of this year (July, August, September) was traded a quantity of gas of 61,272 MWh,at average price of 38.1 lei /MWh. By comparison, the price is lower by 44% than the regulated one for the population through OUG 114/2018, 68 lei / MWh respectively.

For gas with delivery in Q4 of the year, the average price is 56.9 MWh for a quantity of 237,728 MWh.

Starting with 1st July, the gas market will be completely deregulated and ANRE obliged the producers to sell on the stock exchange 30% of the production at certain starting prices.

For household consumers, the bills should drop by 10-15% starting with 1st July, when the market is deregulated, otherwise the government will intervene, stated on Wednesday the minister of economy, energy and business environment Virgil Popescu. The minister advised the consumers to consult the price comparison on the ANRE site, where each supplier publishes the price offer.