Romania’s energy regulator increases by 5.8 pct gas retail price for households from August 1

The retail price for gas for household consumers will increase by 5.8 percent from August 1, according to a decision of the Romanian energy regulator (ANRE) released on Thursday.

The new price regulation comes at the request of gas suppliers in Romania.

“Given the demands of natural gas suppliers and following an analysis of costs reflected in the final price, the Regulatory Committee (…) found that the conditions are fulfilled for an adjustment, on an average of 5.83 percent, of the prices for natural gas for household customers, starting August 1, 2018,” the energy regulator said.

The decision comes just hours after the Finance Ministry proposed the capping of the price of natural gas from internal production at RON 55/Mwh by June 30, 2021, according to a project published on the Ministry’s website.

Romania is the only country in the region which relies on its own natural gas reserves and imports less than 10 percent of the total consumption from Russia’s monopoly Gazprom.

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According to Eurostat, Romania had the lowest retail prices for natural gas among the 28 EU member states in 2017.

Romanian household consumers paid EUR 0.032/kWh in the first half of 2017, compared with an EU price average of EUR 0.058/kWh, while non-household consumers in Romania paid an average price of EUR 0.026/kWh, the 7th-lowest in EU.