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HiSky to launch flights from Romania's Bucharest to Paris
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EU grants 136 mln euro to Albania for railway line overhaul
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Fortenova sells agri unit to Podravka for 333 mln euro
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Romania
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Fortenova sells agri unit to Podravka for 333 mln euro
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Romania plans to hike electricity tariffs by 10% as of Jan 1 - media

Dec 20, 2012, 6:40:15 PMArticle by Alexander Oleinic
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December 20 (SeeNews) - Romania plans to hike electricity prices for households and public institutions by 10% from January 1, local media reported on Thursday.

Romania plans to hike electricity tariffs by 10% as of Jan 1 - media

The planned increase is the result of the government's support scheme for renewable energy producers, news agency Mediafax (www.mediafax.ro) said.

Under a funding agreement with the International Monetary Fund (IMF), regulated prices for the power supplied to industrial consumers and households in Romania will be eliminated fully by end-2013 and end-2017, respectively.

Electricity tariffs in Romania are regulated by the power market watchdog, ANRE. The European Commission and the IMF have asked the Romanian government to liberalise the energy market in order to bring prices in line with EU levels.

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