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Romanian Household Pwr Bills Up 6% On EC CO2 Emission Cap Slash

Romania’s household electricity bills might rise by 5%-6% in 2008 due to the cutback in the country’s proposed carbon dioxide, or CO2, emissions cap for the next five years, Romanian lawmaker Iulian Iancu said Monday.
Romanian Household Pwr Bills Up 6% On EC CO2 Emission Cap Slash
26 nov. 2007, 16:02, English

“The European Commission cut our annual emissions by 20.7% and that will lead to higher energy production costs and will affect consumers and certain industries, such as glass, fertilizers, aluminum and wood,” said Iancu, who is also the president of the industry and services committee with Romania’s Chamber of Deputies.

He added the EC’s decision will boost electricity production costs by an average 16% next year.

In October, the European Commission slashed Romania’s proposed emissions cap by 20.7% to an average allowance of 75.9 million tons per year for the next five years. The commission also cut by 10% Romania’s emissions limit for 2007.