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Energy & Environment
Transelectrica net profit falls 21% in 2016
Thursday, February 16, 2017
Romanian power grid operator Transelectrica [BSE:TEL] said on Wednesday its net profit fell 21% on the year to 286 million lei ($67.4 million/63.4 million euro) in 2016, seenews.com informs. Transelectrica's financial results in 2016 were influenced by diminished transmission tariff and lower power exports, it said in a filing to the Bucharest Stock Exchange, BVB. Operating revenues fell by 9% to 2.72 billion lei, while ...
Enel ordered to pay EUR 401 mln to Romania in international arbitration case
Thursday, February 16, 2017
Italian utility Enel has been ordered to pay over EUR 400 million for a minority stake in Electrica Muntenia Sud, the supplier and distributor of electricity that is split today in E-Distribute Muntenia and Enel Energie Muntenia, following a decision taken by the Arbitration Court in Paris, business-review.eu informs. The Romanian state had asked for EUR 550 million, but the Arbitration Court in Paris ruled out that Enel will pay EUR 401 million for ...
ANRE's Havrilet: Gas prices might grow up by 10 percent on 1 April
Thursday, February 16, 2017
Natural gas prices might increase by up to 10 percent starting with 1 April, after liberalising the domestic market's gas prices, Chairman of the National Energy Regulation Authority (ANRE) Niculae Havrilet said on Wednesday. "We'll have a price modification in the natural gas sector from 1 April. We'll also have finalised market regularisation for natural ...
Black Sea Oil & Gas will kick off Romania's Black Sea natural gas production in mid-2018
Thursday, February 16, 2017
Black Sea Oil & Gas will kick off Romania's Black Sea natural gas production in mid-2018, when Romania is expected to become a natural gas exporter as well, Chairman of Romania's National Energy Regulatory Authority (ANRE) Niculae Havrilet said ...
Ministry of Energy: Romania can cover its own consumption
Thursday, February 16, 2017
Romania doesn’t have issues in supplying the energy from internal production and the imports from Monday morning were made in the final consumer’s interest, said the Ministry of Energy, according to a statement, business-review.eu reports. „There are enough production units and fuel stocks to cover the entire consumption demands of the country (for example last night Romania exported around 483 Mwh/H). The energy import ...
Energy bill of Romanian households to post slight growth over renewable reform
Thursday, February 16, 2017
The energy bill of households will go up by RON 0.30/ month in 2017 due to the renewable energy reform, according to the data from the Energy Ministry regarding the outlook for 2017 of green energy, business-review.eu reads. „The impact over the household consumers bills means a growth from RON 42/MWh to RON 47 /MWh at the level of 2017. This measure aims to bring a balance between the effort of the final consumer and the support given to the ...
Gas imports shot up 629 percent in 2016
Thursday, February 16, 2017
Romania's gas imports shot up 629 percent in 2016 compared with 2015, reaching 1.185 million tonnes of oil equivalent (toe), shows data released on Friday by the National Institute of ...
Net coal output of Romania in 2016 has totaled 4.217 million toe
Thursday, February 16, 2017
The net coal output of Romania in 2016 has totaled 4.217 million toe, down by 10.1 pct (475,700 toe) against 2015, according to the data released by the National Institute of Statistics (INS). In 2016, Romania has imported 521,200 toe net coal, by 33,200 toe (6 pct) less as compared to the imports of 2015. According to the Energy Strategy project, ...
Almost 90% of new energy in Europe came from renewable sources in 2016
Thursday, February 9, 2017
By Adam Vaughan | The Guardian Renewable energy made up nearly nine-tenths of new power added to Europe’s electricity grids last year, in a sign of the continent’s rapid shift away from fossil ...
Draft ordinance on differential tax of garbage will be adopted at the latest next week
Thursday, February 9, 2017
The draft ordinance on the differential tax rates per ton of garbage deposited at landfills will be adopted at the latest at the Government sitting next week, and the tax should be borne by the waste collection companies, Minister of Environment and Deputy-Prime Minister Daniel Constantin told the PRIA Environment conference on ...
The state collected this January over 19.2 ml euro from trades in greenhouse gas allowances
Thursday, February 9, 2017
The state collected this January over 19.2 ml euro from trades in greenhouse gas allowances for fixed installations performed on the EU dedicated common auction platform, the Ministry of Public Finance (MFP) announced on its website. According to the cited source, 3.7 ml fixed installation allowances have been traded. In 2016 the state cashed 195 ...
MOL Group: Expansion of the exploration portfolio
Thursday, February 9, 2017
MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway, the company informs în a press release sent to ACTMedia. MOL acquired 6 new licences in the 4th bid round in Hungary, doubling its exploration acreage in the country. MOL Norge participated in the latest APA licensing round and acquired 4 licences in the Norwegian Continental Shelf, one of which with operatorship. These successes significantly contribute ...
ANRE: There was no manipulation of the energy market, providers had inadequate management
Thursday, February 9, 2017
On the day ahead market (DAM) there are no dominant participants and the interconnected operation has virtually eliminated the possibilities of manipulation of this market, say the officials of the regulatory body for the market, ANRE, in an analysis upon the unjustified increase of the energy price in January, quoted by energynomics.ro. ...
Energy Union is about re-inventing our economy
Thursday, February 9, 2017
By Maroš Šef?ovi? The European Commission’s Winter Package of Energy Union laws will be a turning point for clean energy, writes Maroš Šef?ovi?. But the spirit of the package goes further than clean energy or tackling climate change – it’s also about economic transformation, he argues. Maroš ...
EurActiv: Europe’s coal generation: The final curtain call?
Thursday, February 9, 2017
European Commission plans for the Energy Union, tabled on 30 November, have set the clock ticking for the EU’s coal industry, whose days are now numbered, ErActiv.com reads. But proponents of coal say the industry is not down yet and highlight the need for a fair transition to clean energy. “For the next few years we’ll still need conventional plants in the system for when it’s dark and cold outside,” said Brian ...
High energy prices throw suppliers into bankruptcy, transactions – under scrutiny by ANRE and Competition
Thursday, February 2, 2017
Prices nearly tripple in the Romanian electricity market this January has put providers under fire regardless of their size, and authorities are analyzing last month’s trades, when energy has reached 650 lei (144 euros) per Mwh, energynomics.ro reads. Two transactions with large volumes of energy are under scrutiny, as they were made at unbalanced prices, say officials of the energy regulatory body (ANRE), while the Competition Council representatives were called to ...
Cupru Min had largest annual production in history last year
Thursday, February 2, 2017
Cupru Min Abrud, the company exploiting ores at Rosia Poieni, where 60% of Romania’s copper reserves are found, had the largest annual copper production in history, last year - 7,800 tons, while net salary incomes grew for the first time since 2013. For Cupru Min Abrud, 2016 was a record year according to the report published on Tuesday by the company on Facebook. The largest annual copper production was obtained in ...
Cost of climate change grows steadily in Europe
Thursday, February 2, 2017
Extreme climate events cost Europe €400 billion between 1980 and 2013, a report by the European Environment Agency has found. And the cost is rising, ...
Procurement – key element of strategic planning in the energy companies
Thursday, February 2, 2017
The cost is important, the technical compliance is mandatory, but the good positioning of the procurement process within the company’s strategic planning is the key to success in managing the supply chain of products, services and works. An energy giant (Nuclearelectrica), a leading provider of services (CEMS EPC SA) and a senior official of the National Agency for Public Procurement ...
Sefcovic: ‘Everybody wants to be on good terms with us’
Thursday, February 2, 2017
Commission Vice-President for Energy Union Maros Šefcovic told EurActiv.com that the Trump administration may be more protectionist than its predecessor. But he is not worried about the impact on the energy market, despite Europe’s immense import needs. Maros Sefcovic is European Commission vice-president for the Energy Union. He is a Slovak diplomat. ...