Romania’s Government has submitted to the European Commission (EC) the procedures and the calendar for the liberalisation of the natural gas and electricity markets, less than one year after it regulated the residential market under emergency ordinance (OUG) 114/2019, Economica.net reported.
The regulations were enforced for a period of three years, until spring 2022. At that time, both markets were fully liberalised (for residential and industrial users), even if only a small number of residential users had undergone the process of migrating to the free market, according to Romania-Insider.com.
Under OUG 114, the price of natural gas sold to residential users was regulated and the electricity producers (particularly Hidroelectrica and Nuclearelectrica) were compelled to sell electricity at regulated, low prices to the household segment. The move triggered infringement procedures, though.
Under the mechanisms pledged to the European Commission, the Government gradually returns to the liberalisation process, but this is not going to happen overnight.
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