Romania’s ELCEN Price Hikes Likely Below Claim - FinMin

Romania’s energy watchdog might approve an energy price hike below the unacceptable 15% increase asked by the country’s power producer Electrocentrale Bucuresti (ELCEN), part of domestic state-owned power distributor Termoelectrica, Romanian Economy Minister Varujan Vosganian said Thursday.

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“We received Electrocentrale’s request, but the watchdog has already suggested that price hike is not acceptable and will look into lower price increases,” Vosganian said.

In November, Electrocentrale Bucuresti asked for a nearly 15% price increase in thermal power energy supplied to RADET starting with January 1, due to higher fuel prices, but the energy watchdog has not yet made a decision.

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