E.ON Romania asks 12-15% rise in end-user regulated price of power and natural gas.

By bne IntelliNews December 17, 2009
E.ON Romania, which holds one of the two major natural gas distribution firms and several regional power distributors asked the regulating body ANRE the rise of the end-user prices for residential customers by 15% for natural gas and 12% for electricity. The company admits that the price hikes are inappropriate amid current economic circumstances, but it explains that the higher costs were actually prompted by the lower demand and sticky fix expenses. The company claims that it incurred losses due to the ANREs delays in hiking the end-user prices through the year.

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