The customers will have until a specific date to pick another supplier or decide to continue with the supplier of last resort.
“The natural gas market in Romania and in Europe is going through an extremely difficult time, with a high price volatility, lack of predictability in securing natural gas and major changes in a very short period of time, which creates a real discomfort, both among suppliers of natural gas and end customers,” says Armand Domuta, general manager of Restart Energy.
“In addition to these special circumstances, there are the legislative changes recently adopted in Romania, which, according to our projections, will have a significant negative impact on the natural gas supply business. Therefore, after careful consideration, we decided to withdraw from the natural gas supply business in 2022 and focus on electricity and renewable energy solutions to be able to give our investors added value in a predictable and stable framework.”
The plans for 2022 include completion of a 45 MW project worth EUR40 million, securing the construction permit for another 500 MW and building EUR20 milion worth of photovoltaic projects for industrial customers.
(English version by Loredana Fratila-Cristescu)