Romanian Government has adopted an Emergency Ordinance which stipulates that the power plants of state-owned Energy Complex (EC) Hunedoara will have to provide 400 MW system services to electricity transmission system operator Transelectrica in the next two years.
This Ordinance is of great help for EC Hunedoara, given that it will receive significant monthly amounts for providing system services, thus enabling the company to sell the electricity it produces that otherwise could not be sold on the competitive market due to high production price. EC Hunedoara has the highest production price of electricity in Romania. The Government said that this measure was necessary to ensure the stability of the national electricity system and the security of electricity supply to household and industrial customers.
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Tags: EC Hunedoara, electricity, Hunedoara, regulation, Romania, state aid, TPP, Transelectrica