1.2 C
December 10, 2023
Image default
Economy Romanian News

Electricity Market Liberalization in Romania

Electricity market liberalization in Romania has just become a fact. Starting from January 1, 2021, the electricity market fully liberalized in Romania, as well in other European countries. So far, the market was only partially liberalized.

So far, the energy market was regulated and the prices were endorsed by the National Authority for Energy Regulations, the former responsible for establishing the energy prices. Now, as the market has liberalized, the prices would be established purely on the supply and demand ratio and new suppliers are expected to enter the market.

Romanians are invited to contract the most suitable supplier of energy for their needs, as all the contracts could be terminated or renegotiated. The risks for not doing so are for the customers to pay even 26% more for the energy.

This decision comes after 6 months ago the gas market in Romania has become liberalized.

Leave a Comment