A greater degree of interconnection of the Romanian electricity grid with the others, but also with the grids of other EU states, would have reduced by at least a quarter the prices of spot electricity in the evening peak hours in Romania in the summer of 2024, according to a recent study by ACER, the […]
S&P Global expects Brent crude prices to fall to $55 a barrel by the end of the year, driven by increased supply following OPEC+’s decision to reverse cuts agreed in 2022, according to OilPrice. Speaking at the Asia-Pacific Oil Conference in Singapore, Dave Ernsberger, co-chairman of S&P Global Commodity Insights, said: “If there is a […]
PPC Energie, one of the largest electricity suppliers to the population, has launched a competitive offer with a significantly lower price. Anyone can request it. PPC launched today a new standard offer for the supply of electricity, called PPC Energie Verde, with applicability from July 1, according to data from ANRE’s offer comparator. The price […]
Oil hits five-month high after US strikes on key Iranian nuclear sites over the weekend, Reuters reported. Oil prices rose on Monday, hitting their highest since January, as the United States’ move to join Israel in striking Iranian nuclear facilities fueled supply concerns. Brent crude futures rose $1.92, or 2.49 percent, to $78.93 a barrel […]
Among Romanians who live at home and who are already prosumers or want to become prosumers, 53% would also opt to purchase a battery storage system, but there is also a large category that does not have enough information about the advantages of batteries or knows nothing about them, reveals a sociological research conducted for […]
ACER releases a new tool to simulate price correlations for electricity forward trading with potential virtual hub prices. The ACER’s electricity virtual hub price simulator tool shows correlations between prices in any EU electricity bidding zone and various configurations of a virtual hub price. A virtual hub price is currently in use in the Nordic […]
The increase in fuel excise duties, which came into effect on January 1, is also having an impact on the European ranking of pump prices. Romania is climbing the price ladder, especially for diesel. While Romania traditionally had the second-lowest price of automotive fuels in the European Union, surpassed only by Bulgaria among the countries […]
Certainly the biggest challenge of 2025 is related to the fact that on March 31, 2025, the gas and electricity price caps are set to expire. But will these caps be allowed to expire or will they be extended? Romania’s commitments to the EU are to ensure the liberalization of the gas and electricity market, […]
The European Union should extend an emergency measure to cap natural gas prices and impose a limit of 60 euros per megawatt-hour to avoid a potential energy price shock, Italian Energy Minister Gilberto Pichetto Fratin said on Friday. Fears of an energy shock have intensified after Ukraine refused to renew a deal to transit Russian […]
In September 2024, ANRE developed a Draft Order to establish information measures for final electricity/natural gas customers during the period November 1, 2024-March 31, 2025. The lack of interest in customers went so far as to ignore the implementation of even this draft Order, which, although far from what ANRE’s campaign to prepare for market […]
Natural gas prices will increase on the Romanian market in this last quarter of the year, but they will be lower than those on European markets, and this price difference is greater than in previous years, said OMV Petrom officials, the second gas producer from Romania in terms of volume, at the teleconference with investors. […]
In the first half of 2024, average household electricity prices in the EU recorded a small rise compared with the second half of 2023, from €28.3 per 100 kWh to €28.9 per 100 kWh. Despite reductions in the cost of energy, supply and network services (-2% compared to second half of 2023), total prices slightly […]
The state’s debts to electricity suppliers, following the application of the energy price ceiling scheme, amount to around one billion euros, for 2024, but this amount is not confirmed by the National Energy Regulatory Authority, he said on Saturday , the executive director of the Federation of Associations of Energy Utility Companies (ACUE), Daniela Dărăban. […]
We do not agree to continue capping energy prices and what will happen after the cap disappears is a political decision, said on Saturday, Volker Raffel, CEO of E.ON Romania, emphasizing that only customers should be supported by the state vulnerable. “It is a political decision that must follow, related to what happens with the […]
