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July 3, 2022

The Department of Energy: We will suggest suspension of schedule for household gas price liberalisation

The Department of Energy will come up with a draft governmental decision under which the schedule for the liberalisation of the household natural gas prices would be put on hold, following two weeks of public debate, Minister-delegate for Energy Razvan Nicolescu told a conference on Tuesday organised by the Bursa Media Group.
‘Household natural gas prices are currently a worry and the deadline Romania has undertaken for liberalisation, December 31, 2018, is one of the most ambitious in the EU. That is why we will put forth a draft governmental decision under which a suspension would be requested in rising the gas prices and a draft energy and natural gas law under which the liberalisation deadline would be extended by at least two and a half years,’ the minister told the ‘Power in the power sockets’ conference.
The Department of Energy on September 1 started a public debate on the timeliness to delay the liberalisation schedule as wages have dropped 1 per cent in the last years, while the final gas prices have advanced 16 per cent.
‘We believe a pause is needed in the rising of prices so that prices and wages may get in balance,’ said Nicolescu.
On September 1, Nicolescu said he will request the European Commission to allow a halt in the rise in household prices for domestic natural gas until July 1, 2016 and an extension until July 1, 2021 from December 31, 2018 of the liberalisation deadline.
Under the liberalisation schedule undertaken by Romania in 2012 before the International Monetary Fund and the European Commission, the household gas prices should have been increased by 3 per cent staring October 1, 2014. Under the same schedule, the prices should be fully liberalised as from December 31, 2018.

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