Romania's energy output down 2.4% y/y in Q1

Romania's energy resources, including imports, totalled 7.715 million TOE in the first three months of 2024, down by 2.4% on the year, the statistical office said in a statement. Imports amounted to 3.238 million TOE, down by an annual 2.4%.

Romania's own electricity output and imports totalled 17.651 TWh in January-March, rising by 1.3% year-on-year.

Thermal power plants generated some 5.329 TWh of electricity in the three months through March, increasing their output by 2% on the year, while the output of hydropower stations fell by an annual 6.5% to 4.423 TWh.

Electricity generation by Cernavoda, Romania’s sole nuclear power plant, inched up by 0.1% to 3 TWh in January-March. Wind farms generated some 2.14 TWh of electricity, down by an annual 12.3%, while solar plants generated 475.6 MWh, up 37.3%.

Final electricity consumption rose by an annual 1.1% to 12.897 TWh in January-March.

Romania’s electricity exports grew by an annual 4% to 3.24 TWh in January-March, while imports jumped 35.4% on the year to 2.283 TWh.

The country produced 682,000 TOE of crude oil, down 3.4% on the year, and 511,600 TOE of coal, down 11.6%, in the first three months of 2024. Natural gas production edged up 1.2% year-on-year, reaching 1.943 million TOE.

Romania's energy production fell 0.8% to 17.9 million TOE in 2023.

TOE is the rounded-off amount of energy that would be produced by burning one metric tonne of crude oil.