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December 7, 2021
BUSINESS

CEZ: Romania renewable energy scheme will push bills up by 3 per cent-4 per cent

Romanian consumers are likely to pay by up to three per cent or four per cent more for electricity once the updated scheme to support renewable energy producers comes into force, CEZ Romania said on Thursday, Mediafax informs. “The impact on end consumers will be between two percent and four per cent, as already announced by the energy watchdog ANRE,” said Adrian Borotea, a director with CEZ Romania. CEZ Romania has not requested an increase in tariffs yet, but it is long overdue, Borotea said. He added the best moment to hike prices would be in January 2012. According to ANRE estimations, Romanian consumers are bound to pay 1.3 billion lei (EUR307 million) this year to support the country’s renewable energy scheme. In September, the value of the monthly bill is estimated to increase by up to 3.5 per cent. On the other hand, CEZ Vanzare, the retail division of energy company CEZ Romania, is on the brink of being closed down because it can’t recover a debt of EUR78 million from state-run rail company CFR, the head of CEZ Romania said Thursday. The rail company is CEZ’s biggest debtor, with receivables estimated at RON330 million. CEZ Romania stands to collect total receivables worth RON734 million.

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