AT Kearney head Michael Weiss told a news conference Thursday that Romania does not need investments in production in the next ten years in terms of energy demand. Nevertheless, Romania needs new production units to replace the old ones.
In his turn, Greg Konieczny, Fondul Proprietatea manager, stated that Romania should improve the efficiency of already existing power units.
Romania has electricity production units with a total installed capacity of over 23,000 megawatts, but daily consumption rarely exceeds 9-10,000 megawatts.
According to a study by AT Kearney and Fondul Proprietatea, Romania has limited growth potential of electricity demand by 2025, of only 0.7%, which is expected to fall to just 0.2% a year should the deindustrialization process of the high-energy intensive sector continue.
AT Kearney and Fondul Proprietatea believe that subsidies and the inefficiencies of the electricity market artificially boost the actual cost of electricity by 24%. In fact, the real cost of electricity is EUR35.5/MWh, compared to EUR43.9/MWh.