“We are one hundred percent ready for listing, we were getting ready to select consultants. But the plan is now uncertain if the energy regulator continues with the implementation of government decree 114/2018,” Badea said at an energy conference organized by Ziarul Financiar.
Romania seeks to deregulate its electricity market for household consumers as of January 2021 instead of July 2021 but until then energy regulator ANRE forces state-owned electricity producers Hidroelectrica and Nuclearelectrica to sell their output at regulated prices.
“If we don’t float the company, we’ll basically just be giving away cheap electricity,” said Badea.
The government has announced plans to repeal the majority of provisions introduced by the decree. In the energy sector, the decree capped energy prices and introduced a 2% turnover tax for energy companies.