Romanias regulated electricity prices up 5% as of July.

By bne IntelliNews July 2, 2012
Regulated electricity prices in Romania have increased by an average of 5% as of July 1, energy regulator ANRE said on its web site. This is a separate move from the energy price liberalisation process scheduled to start later this year. It is aimed at offsetting part of the 13% headline inflation since the past price increase made in January 2010. The price hike is also aimed at covering higher production costs prompted by the renewable energy production. Nonetheless, the price hike is likely to have a limited impact on the economy, ANRE specifies. The electricity distribution firms will start buying power from the free market for their residential customers as of July 2013, when they will buy a 10% share under direct contracts with suppliers. The share will gradually rise to 100% by the end of 2017, which is expected to push up prices.

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