Romania to Postpone Gas Price Increase for Households

- August 26th, 2014

Reuters reported that according to Romanian Energy Minister Razvan Nicolescu, the country won’t enforce a planned increase in household gas prices in October.

Reuters reported that according to Romanian Energy Minister Razvan Nicolescu, the country won’t enforce a planned increase in household gas prices in October.

The reason is that the country is in conflict with the European Commission, which wants it to stop requiring its energy regulator to channel supplies to domestic households.

As quoted in the market news:

Nicolescu said the country would postpone its deregulation of the market until the dispute was resolved.

‘We intend not to enforce the domestic gas price hike agreed … for Oct. 1,’ Nicolescu said in a statement.

Romanian energy regulator ANRE had planned a 3 percent hike in gas prices for households in October, part of a move to deregulate gas and electricity markets in stages by 2018

Click here to read the full Reuters report.

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