According to Borotea, CEZ must recover 500 million lei (EUR109.5 million) from ANRE for the investments in the energy distribution network which were not included in energy tariffs.
We hope these costs will be included in energy prices and spread out on five years to also consider consumers’ ability to cope with the increase, he added.
According to Borotea, CEZ invests EUR50 million yearly in the energy distribution network. However, the company upgraded only 15% of the network, he highlighted.
CEZ entered the Romanian market in 2005, when it bought from the state Electrica Oltenia, which supplies energy to the southern region of Oltenia.
CEZ has invested EUR2.2 billion in Romania, of which EUR1.1 billion in wind farm projects.
In June, Romania’s Parliament adopted an energy bill which deregulates the local energy market.
Under a EUR5 billion IMF and EU loan program, the country pledged to deregulate electricity and gas tariffs for both households and industrial consumers in several steps by 2018. The authorities have already approved a 5% increase in electricity tariffs starting with July.
Household gas and electricity prices in Romania are currently regulated by ANRE, for social protection reasons. (EUR1=RON4.5642)