Romania: The highest electricity price increase in the EU – European Commission

In Q3 2017, the wholesale electricity prices registered the highest growth in Romania (+52%) and peaked in August in Eastern Europe (more than EUR 90/MWh), according to a report by the European Commission, Directorate-General for Energy – on the evolution of the electricity markets in the EU.

Throughout the third quarter of 2007, wholesale electricity prices were highest in Romania in the CEE region (Central and Eastern Europe, our note), mainly due to lower electricity and nuclear power generation than normal in the country, even in the context of traditional nuclear power generation,” the DG for Energy report reads.

As compared to the third quarter of 2016, in the third quarter of 2017 the prices increased most in Romania (52%), Slovenia and Hungary (each by 41%), while the United Kingdom was the only country in the EU registering a drop in prices (-2.2%), the report further reads.

According to the document, the most expensive wholesale energy in the EU is traded in Greece and Portugal (EUR 52.1/MWh), followed by Serbia (EUR 51.7/MWh), Italy (EUR 51.6/MWh), Hungary (EUR 51/MWh) and Romania (EUR 50.2/MWh). The cheapest wholesale energy is in Norway (EUR 27.3/MWh), Luxembourg and Germany (EUR 32.7/MWh), Sweden (EUR 33.6/MWh) and Denmark (EUR 33.7/MWh).

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