Romania: Heat wave sets historic record for electricity prices

The average closing price for electric power has reached on Wednesday the level of RON 397/MWh, a historic record, three times higher than in August 2010 of RON 138/MWh, reveal the data from OPCOM, quoted by Andrea Paul, INACO chairman.

This year’s drought has led to an increased share of electric power produced by coal plants, with costs almost twice as high against hydropower.

For the time being, the household consumers will not get increased bills, as most of them buy electricity at prices regulated by the National Energy Regulation Authority (ANRE), from nuclear and hydro sources – the cheapest ones. However, the companies could be forced to buy energy from the free market with prices by 3% higher.

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