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March 7, 2021

Government freezes domestic gas price to 60 lei per MW

The price of the domestic natural gas will be frozen for nine months at 60 lei per MW, to address some ‘particular market conditions,’ Energy Minister Victor Grigorescu announced media.
‘We took the necessary measures to make sure that this winter we have enough gas stored so that we avoid this traditional debate on whether the stored amount is enough to get through the cold season,’ he said after the Tuesday’s government sitting.
Not freezing the price might have resulted in prices for the domestic consumers on the regulated market exceeding the free market price, the minister explained.
The government also set up an ‘explicit legal framework’ to reconfirm that the Regulatory Authority for Energy (ANRE) is the body that decides the storage obligations. ‘We implement harsh fines if the market actors do not build natural gas stocks as required by the ANRE,’ added Grigorescu.

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