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Energy & Environment
Nuclearelectrica will pay almost 120 million dollars to the company General Electric for the maintenance of unit 1 and 2 in Cernavoda
Thursday, March 28, 2019
Nuclearelectrica signed with General Electric Global Services GmbH/GE Global Parts&Products GmbH an agreement for the maintenance and repairs of some of the parts of unit 1 and 2 CNE Cernavoda, worth almost 120 million dollars, according to a report sent on Tuesday to the Stock Exchange Bucuresti. The agreement last for eight years.‘The National Company Nuclearelectrica SA (SNN) informs the shareholders and investors on the signing of an agreement with ...
Government to pay EUR 24 mln to close unprofitable coal mines
Thursday, March 28, 2019
Energy Ministry prepares to pay RON 113 million (EUR 24 million) this year to the two major coal energy producers in Romania, Oltenia and Hunedoara Energy Complexes, in order to finance the closure of uncompetitive coal mines. These amounts are granted on the basis of a European Commission decision approved in December 2010 on state aid to facilitate the closure of uncompetitive coal ...
PATRES: Eliminating the 2% contribution to coal energy producers is a clear discrimination
Thursday, March 28, 2019
Eliminating the 2% contribution to coal power producers represents clear discrimination against other market operators, and this tax should be canceled for everyone, says Martin Moise, vice president of the Organization of Employers for Energy Generation from Renewable Sources in Romania (PATRES). “It is obvious that the removal of the coal-only contribution is a discrimination and it may be state aid. I am ...
Romanians pay more than the European average for duty-free fuels
Thursday, March 28, 2019
The price of duty-free fuels in Romania continues to be higher than the European Union average, and in the case of gasoline, the price increase over the last four weeks was higher than that at the level of the EU block, according to the European Commission’s Oil Bulletin. In Romania, gasoline without taxes currently costs EUR 0.536 per liter, while the EU average is EUR 0.518 per liter. For comparison, in mid-February, gasoline was EUR 0.501 ...
ANRE: household gas and electricity prices won’t increase this year
Thursday, March 28, 2019
The price of gas and electricity for household consumers won’t change before the end of this year, according to National Energy Regulation Authority vice president Zoltan Nagy-Bege. “For households, prices won’t grow. For electricity, the March 1 prices have already been approved and have not been changed, and we’ll maintain this price until the end of the year,” said Bege. He said the same thing ...
ANRE: Businesses Ioan Niculae, among domestic gas beneficiaries, at a capped price
Thursday, March 28, 2019
Only 81 companies, both gas suppliers and industrial consumers, will have something to gain as a result of the controversial emergency ordinance 114, which caps the price of gas sold by producers at RON 68/MWh, Hotnews.ro reports. The 81 companies will receive cheap gas directly from consumers, according to a decision by the National Energy Regulation Authority (ANRE). Other industrial consumers ...
ANAR; Romania owns 181 dams of exceptional importance; 2223 dams are in the C and D category
Thursday, March 21, 2019
Romania has at present 181 dams of exceptional importance, exceptional importance (category A and B) as well as 2,223 of C and D category ( normal and reduced importance), show the data of the National Administration Apele Romane (‘Romanian waters’) (ANAR) published on Wednesday. ‘The ministry of waters and forests (MAP) and the National Administration ‘apele romane’ (ANAR) Monitor and control through the Inspection of ...
Competition council analyses the taking over by Ade Gas Oil of some assets
Thursday, March 21, 2019
The competition council announced on Tuesday that they analyse the taking over by Ade gas Oil of some assets owned by Azalis, Eurogenetic and Dolchimex. ‘The competition council analyses the trading through which Ade gas Oil company takes over some of the assets owned by Azalis, Eurogenetic and Dolchimex, assets which belong to the activity of trading en gros of GPL, including employees’ the press release ...
Nuclearelectrica signs memorandum to evaluate development of small modular reactors in Romania
Thursday, March 21, 2019
Nuclearelectrica signed a Memorandum with NuScale Power for an exchange of technical and economic information on the construction of small modular reactors (SMR), Nuclearelectrica informs in a press release. The purpose of the document is the evaluation of development, authorization and construction of SMR, as a long term potential solution for Romania. According to the press release, this accord represents a sign of Romania's ...
Govt. announced 2019-2030 energy sector strategy draft
Thursday, March 21, 2019
omania’s Energy Ministry announced on Monday, March 18, that it has launched in public debate the draft "Energy Strategy of Romania 2019-2030, with the perspective of ...
RWEA: Romania may be “greener” at lower costs
Thursday, March 21, 2019
According to a study by the Romanian Wind Energy Association (RWEA), the cost of achieving a 35% share of green energy by 2030 is down by 18% compared to the current national strateg, energynomics.ro informs. “Last week was the second consultation period on the PNIESC project 2021 – 2030, in which Romania proposes a renewable energy share of only 27.9%, according to the current scenario. The results of an independent ...
Romania missed out on RON 7 billion in natural gas royalties in the last decade, says ANRM advisor
Thursday, March 21, 2019
The Romanian budget has missed out on RON 7 billion in the last decade due to fact that the reference price for natural gas, used for the payment of royalties, has not been updated since 2008, according to Dorinel Ursarescu, advisor to the president of the National Agency of Mineral Resources (ANRM), at the ‘Black Sea Energy Resources Conference’ organized by PSNews. “Producers were paying royalties at a price of RON 495/1,000 cubic ...
2019 edition of “Investing in renewable energy projects in Europe” guide
Thursday, March 21, 2019
Ten years after the European Union vowed to produce 20 percent of its energy from renewable sources by 2020, it has made huge progress toward that goal. Now, a new challenge beckons: In 2018, the EU formally set itself a binding target to achieve 32 percent of energy from renewables by 2030. The latest edition of Dentons’ “Investing in renewable energy projects in Europe” guide surveys an industry at a crossroads. In some ...
Romanians could be forced to pay EUR 340 mln per year on electricity bills to subsidize green energy projects
Thursday, March 21, 2019
Romanians could be forced to pay EUR 340 million each year on their electricity bills to subsidize green energy projects in the country, according to a project released by the Ministry of Economy. The new subsidy scheme is designed to support new low-carbon emission electricity projects. This mechanism, called “contracts for difference”, offers a minimum guaranteed price for low-carbon energy ...
Romanian gas transporter proposes 51% dividend payout ratio
Thursday, March 21, 2019
The management of Romania’s state-controlled company Transgaz, the operator of the natural gas transport network, proposed RON 255 million (EUR 54 million) dividends to its shareholders from last year’s net profit. The company recorded a net income of RON 496 million (EUR 106 million) and proposed a 51% dividend payout ratio. The gross dividend yield, for the current price of the company’s shares, would be ...
F. Hajdinjak(E.ON România ): Authorities must urgently rethink their energy poverty policies
Thursday, March 21, 2019
Since publicly presented in late December 2018, GEO 114/2018 stirred massive reactions on all levels (media, industry, experts, politicians). It was only 2 months later that the reasons for changes introduced in respect to the energy sector seem to be clearer, as some comments from Niculae Havrile?, former president of ANRE and currently personal adviser for the Energy minister, suggested that it was at major gas suppliers’ request that GEO 114/2018 have been initiated. ...
EU Parliament votes for 55% emissions cuts by 2030
Thursday, March 21, 2019
Members of the European Parliament voted in favour of increasing the EU’s 2030 emission cuts target to 55% and a net-zero mid-century target on Thursday (14 March), bringing an end to weeks of infighting, euractiv.com reads. At the monthly plenary session in Strasbourg, EU lawmakers backed a non-binding resolution on the European Commission’s draft climate plan for 2050. 369 MEPs voted in favour, 116 against and 40 ...
Internal energy market: Commission calls on ROMANIA to correctly transpose EU rules
Thursday, March 14, 2019
Last Thursday, the Commission decided to send a letter of formal notice to Romania for failing to correctly implement certain requirements of the Gas Directive (Directive ...
Anna Colucci (DG ENER): Freezing prices is against competition and it does not help the vulnerable consumers
Thursday, March 14, 2019
Fixing, capping or freezing the energy prices decrease competition, and that usually is a source of revenues for the incumbent companies in energy system, said Anna Colucci, Head of Unit for Retail Markets at DG ENER, in the European Commission, commenting on the measures adopted in recent months in several member states. She made a direct reference to Romania, after a question from energynomics.ro, but the situation is similar in ...
E.ON and Engie propose to establish a new calendar for the deregulation of the gas prices for the population
Thursday, March 14, 2019
The main suppliers of gas for the population E.ON Romania and Engie Romania propose to the authorities to establish a new calendar for the deregulation of the prices of gas for the population in parallel to the implementation of a system of protection of vulnerable users according to the representatives of the two energy companiesThis is in the context where, according to OUG 114/2018 starting with 1 April, the price of gas for domestic production will be ...