Gas prices will remain unchanged in 2012 and will be hiked by 8% starting July 1, 2013 and by 2% starting October 2013, according to the calendar.

In 2014, gas prices will be raised in four stages, by 2% to 3% each, respectively, and by 2% to 4% starting 2015. Price hikes will be operated between 2014 and 2018 in the months of January, April, July and October. Each price increase will be of 3% between 2016 and 2018, and of 2% to 4% and 2% to 5%, respectively, between 2015 and 2017. However, the price increase rate is kept at 12% throughout a year.

In the case of non-household customers, the calendar sets price hikes of 5% starting December 1, 2012 and of 18% starting 2013 (in three stages, namely, of 5% in April and July and of 3% in October). In 2014, prices will also be raised by 18%, through quarterly adjustments, but it will be the last year of price increases, according to the calendar.

Under the calendar, electricity tariffs will be deregulated starting September and corporate clients will be the first targeted by this measure.

ANRE said Friday that electricity prices for all categories of consumers will increase by an average 5% starting July 1. Regulated electricity prices and tariffs were last changed on January 1, 2010.
Under its precautionary stand-by agreement with the International Monetary Fund, the European Commission and the World Bank,
Romania has to deregulate its natural gas and electricity market.

Household gas and electricity prices in Romania are currently regulated by ANRE, for social protection reasons.