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Romania, Only 20 energy suppliers have offers for residential consumers

21.Jan 2022.

According to the Intelligent Energy Association, currently only 20 energy suppliers have offers for residential consumers, compared to 80 last year.

The statement from the Association said that legislative changes in the natural gas market will drastically reduce the number of suppliers which will sell natural gas to residential consumers and only a few suppliers will remain in the market, most of them multinational companies. Of 20 suppliers offering contracts to residential consumers, the first 10 offers are from multinational companies with almost all Romanian supply and distribution companies disappearing from the biddings.

The Association finds it surprising that the largest gas supplier in Romania offers the highest price in the market with an offer of over 260 euros/MWh,even if the purchase price of gas on the Romanian Commodity Exchange has decreased to 93 euros/MWh for January 2022.

Decrease in the number of suppliers in the market, new legislative and financial barriers for changing the suppliers, lack of the institution for alternative settlement of gas and energy market disputes, to which is added the deep disappointment of gas and electricity consumers, constantly misled as for energy prices in the last year, it is the recipe that will not allow the decrease of gas and electricity prices in 2022, concludes the Intelligent Energy Association.