Electricity prices for Romanian households up 8 pct from July 1

The price of electricity for households will grow by up to 8 percent from July 1, according to a decision of energy regulator ANRE.

From July 1, the final price of electricity for households is formed by a tariff regulated by ANRE, with a share of 10 percent of the total price and a component which reflects the free market price, with a share of 90 percent.

According to an ANRE release, the regulated component (10 percent) will drop by 5.16 percent and the free market component will climb by 8.53 percent.

ANRE president, Niculae Havrilet, said in February that the electricity prices for population might increase by 1-2 percent from July 1, due to the very high prices recorded on the energy stock exchange in January.

„The electricity price is recalculated every six months and the next recalculation will be on July 1. We believe that the price either will stay at the same level or will have an additional adjustment of 1-2 percent,” said Havrilet.