Romanian Hidroelectrica Asks Regulator For 50% Hike In Electricity Price
Romanian hydropower producer Hidroelectrica asked energy regulator ANRE to allow a price increase of up to 50%, starting January 1, on the electricity it delivers, since costs have increased.
“We have always delivered to the regulated segment below market price, and even below production price at times. Our objective is to deliver cheap electricity to the population, but not at half price. We need to cover the costs and we hope to find understanding. (…) We would like to increase these prices by up to 50%,” the company’s general manager Constantin Trihenea told an energy forum Tuesday.
He added the company currently produces electricity at 40%-50% of its capacity, but it hopes to register a profit by the end of the year.
At the same time, he added the company expects an output of 15 TWh this year.
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