Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Capping gas prices will lead to new price...

Capping gas prices will lead to new price increases in April (Intelligent Energy Association)

March 8, 2022

Capping the price of gas was a useless measures and, worse, will determine new price increases starting with April, according to an analysis conducted by the Intelligent Energy Association, sent, on last Monday."The median price of natural gas at the end consumer in November 2021, according to INS [the National Institute of Statistics] data, is around 220 RON/MWh. Thus, apparently, the capping of the final price of natural gas at a value of 370 RON/MWh and 310 RON/MWh starting with February 1 is useless in this period," showed the representatives of the association."In fact, the capping had a very important effect, it determined, according to the ANRE [the National Energy Regulatory Authority] website, the increase of gas prices offered on the market from a minimum level of 220 RON/MWh to a level of minimum 420 RON/MWh in November 2021 and to 640 RON/MWh in January 2022. Thus, all contracts that reach their deadline in this period or the coming period will be concluded at prices higher than 600 RON/MWh," according to the mentioned source.The association emphasizes that, for many home consumers, the capping has no effect at this time (according to a study of the association, 80% of the household gas consumers will not benefit from price caps), but will bring a higher gas price for final consumers in 2022.Moreover, starting April 1, 2022, increases in the transport and distribution tariffs are to take place, 2022 being the year when a new regulation period concludes. According to experts, there will be important increases in prices due to the free connection imposed by the authorities (the promised gratuity will be done by increasing prices paid by other consumers), increasing the cost of gas losses and technological consumption, useless or inefficient investments in the sector and others."In 2020, the authorities have enacted the Gas Release Program, which had the declared purpose of decreasing the price of gas, the real result was the start of increasing gas prices in Romania. In 2021, authorities enacted the Price Cap for gas, which had the declared purpose of decreasing gas prices, the real result was increasing prices on all offers. In conclusion: Taxes do not increase, but energy bills increase! For people, the same poverty!," mentioned the association's representatives.    

Read in full - click here
Junot Díaz, Tracy Chevalier, Michel Bussi: Iași literature festival announces first guests at 2025 edition

Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]

A Taste of Nature: Michelin-Starred Chef Theodor Falser brings his culinary artistry to JW Marriott Bucharest

Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]

Government: IMF backs Romania’s fiscal measures, sees 1% GDP growth in 2025

The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]

Romanian theater stages robot-only performance exploring technology and e-waste

The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]

Emmy Stoel appointed as the new General Manager of InterContinental Athénée Palace Bucharest

With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]

Update: Six knives found on woman trying to enter Romanian Parliament

Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...