Romania may hike regulated electricity prices by 5% as of Feb - sources.

By bne IntelliNews January 12, 2012
Romanian energy market regulator ANRE may decide to hike by 5% regulated electricity prices as of February 1 after production of cheap hydro-electric power halved on lasting drought, daily Adevarul reported, quoting sources from the sector. Hydropower company Hidroelectrica reported lower output due to the unfavourable weather conditions. The electricity it generated has shrunk by some 50% against normal years and will return to higher levels no sooner than the end of this spring. Furthermore, the rising share of costly wind power in the resources basket formed by ANRE also has an impact on the end-user prices, the sources said.

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