Power supply companies in Romania claim state owes them EUR 1 bln in compensations
<p>Romanian power supply companies claim that the state owes them some EUR 1 billion in compensation under the price regulation mechanism, which seriously hinders their ability to purchase electricity under medium-term contracts and keeps them dependent on the prohibitive and volatile spot markets, <a href="https://www.profit.ro/povesti-cu-profit/energie/furnizorii-de-energie-avertizeaza-nu-putem-cumpara-angro-pentru-consumul-anului-viitor-datoriile-statului-pentru-compensarea-plafonarii-sunt-de-circa-1-miliard-de-euro-21807268?mc_cid=dbe4d15fe7&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Profit.ro</a> reported.</p>

<p>Separately, the Federation of Associations of Energy Utilities Companies (ACUE) claims that energy producers avoid selling electricity under medium-term contracts.</p>

<p>The two obstacles prevent the functioning of the market that needs to be set in place before the price capping system is phased off on April 1, 2025. Without such a functioning market, there is no signal or visibility about what the electricity prices will be on the market in the medium term, ACUE argues.</p>

<p>Besides paying on time their dues to energy suppliers, the authorities should put in place a “power release” mechanism similar to that set in place in the past for natural gas: producers would be compelled, under this temporary scheme, to put up for sale packages of energy on the medium-term market.</p>

<p>There are almost no contracts put up for sale by the power producers with the delivery date 2025, which is not boding well for the end-user prices next year, argued the executive director of ACUE, Dana Dărăban.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com" rel="noopener" target="_blank">17s/Dreamstime.com</a>)</em></p>