The coal-fired power plant CE Oltenia auctioned forward electricity contract with delivery in Q1 next year for RON 600 (EUR 120) per MWh, but the electricity subsidiaries of Enel utility group had to offer up to RON 830 (EUR 166) per MWh to make sure they win, Economica.net reported. The “band” electricity blocks, namely contracts providing for the supply of constant power during the period (Q1), were eventually sold at prices between RON 815 and RON 821 per MWh. For this price, CE Oltenia is safely on the profit side, Economica.net concludes quoting company’s officials announcing a production cost of RON 510 per MWh that includes a carbon price component calculated for CO2 certificate traded at EUR 60. CE Oltenia general manager Daniel Burlan was recently speaking of the high prices (RON 700-1,000 per MWh) on the spot market - “three times more than the company gets [at that time] under the bilateral contracts.”
Update: Bucharest Mayor Nicusor Dan won the Romanian presidential election on May 18, according to the official vote count. With 98.5% of the ballots counted, Nicusor Dan had 54.17% of the votes, 900,000 more than his opponent, nationalist George Simion. A record turnout both in the country and abroad helped Dan come back from 1.88 million […]
Romanians showed up in record numbers to vote in the second round of the presidential elections, both in the country and abroad. The exit poll results presented on Sunday evening pointed to a strong lead for Bucharest’s pro-EU mayor Nicusor Dan (54%-46%), but are only relevant for the domestic vote. Both candidates claimed victory in […]
Romanians showed up in large numbers to vote in the second round of the country’s presidential elections, one of the most important democratic tests Romania has seen in the last three decades. At 14:00, exactly halfway through the voting process in the country, over 5.63 million Romanians have cast their votes, compared with 4.52 million […]
Romanians abroad have mobilized massively to vote in the second round of the country’s presidential elections. Update: By Sunday afternoon (15:00 Bucharest time), over 1.2 million Romanians have voted abroad for the country's next president. That's some 220,000 more votes than the overall total in the first round. The countries with the largest turnout are […]
Romanians abroad have mobilized massively to vote in the second round of the country’s presidential elections. The vote in Diaspora started on Friday morning, and by Saturday evening (at 19:00), over 609,000 Romanians had already cast their votes. The turnout is almost 90% higher than the one recorded at the same time in the first […]
It's almost impossible to think about anything not related to elections this weekend but if you should need some distraction, there are options. Happening now is the European Film Festival, screening recent productions from the continent, very varied in theme, tone, and genre. The fest is playing Bucharest, Sfântu Gheorghe and Timișoara until Sunday and […]
