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Bucharest
January 16, 2021
BUSINESS

Price of natural gas from internal sources to grow until 2014

The price of natural gas produced form internal sources for regulated household consumption will rise by 19.4 per cent by the end of 2014, while industrial consumers will pay a price 2.6 times higher, Mediafax reports. Both household and industrial consumers are currently paying the same regulated price for natural gas produced in Romania, namely RON 45.71 per MWh. The end price paid by consumers – households and industrial consumers – is the result of a basket that consists of natural gas produced from internal sources and imported natural gas, the latter being much more expensive. Natural gas produced from internal sources is a component of the natural gas basket. Its share in the natural gas basket for households is higher than its share in the natural gas basket for industrial consumers.  For industrial consumers the price of natural gas produced from internal sources will rise in four stages. The first hike is scheduled on January 1, when the price of natural gas produced in Romania will rise to RON 49 per MWh. Starting on April 1, 2013 companies will buy natural gas at a price of RON 55.3 per MWh. The price will then climb to RON 63.4 on July 1 and RON 68.3 on October 1.  In line with commitments that the government took before the IMF, the prices of natural gas will be fully liberalized in stages and in a manner that differentiates between industrial and household consumers. The price of natural gas for households will rise by 10 per cent next year and in 2014 and then by 12 per cent annually from 2015 to 2018, through periodical price adjustments.

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