Romanian Alro Considers Compensation Measures For High Energy Costs

“If Alro is unable to contract the remaining necessary quantity of energy at economically viable price levels, the company is exploring various options, including restructuring of operating process and temporarily idling the less efficient part of production capacities,” the company said in a statement.

Alro added that state-owned hydropower producer Hidroelectrica is currently supplying half of its consumption, and the rest is bought on the spot market, at high prices.

“Due to the force majeure declared by Hidroelectrica, Alro now receives approximately 50% of the required electricity from the power producer. As a result, Alro has been forced to purchase a significant quantity of energy on the day ahead market and from the balancing market (of energy bourse OPCOM),” the document reads.