Renewable energy policy

Electricity bills will be even lower in March, as the continued de-escalation of gas rates drags down the price of electricity in the wholesale market.

For March, the charge per kilowatt-hour on the green tariffs is estimated to move to 10 to 11 cents, while for the yellow-marked tariffs the charge will drop to pre-energy crisis levels, with the price per kWh even below 8 cents.

The way of transition will depend on the link between the monthly fee and the promotion of other benefits or incentives

Estimates for a decline in electricity prices were have been confirmed by the providers, who have announced the green tariff charges for February consumption.

The price per kilowatt-hour is down on average to 13.3 cents, 11% below the corresponding price in January (14.7 cents), with the price range for February ranging from 11.9 to 14.6 cents against 13.6 to 17.1 cents in January.

The vast majority (95%) of electricity consumers have chosen the so-called "green" rates (more than 85% of private providers' customers and almost all of Public Power Corporation's customers) and few seem willing to move to another tariff or provider, as they wait for February's rates to be set.

Romania is facing a staggering reality as its electricity prices surge relative to purchasing power, revealed in a recent report by the Romanian Court of Accounts, disclosed by Digi24. In the EU, Romania witnessed the most substantial electricity price hike, soaring by a staggering 112.35% in the latter half of 2022.

"Green" power tariffs will range between 13.6 and 17 cents per kilowatt-hour in January, according to the announcements of electricity suppliers. 

The time to choose colored electricity tariffs has arrived and consumers will be pleasantly surprised, since the prices across the range of rates are lower than what they have been paying until now with subsidies.

The time to choose the right electricity rate has come, and the universe seems to have conspired with consumers and supported the efforts of the minister of environment and energy, Thodoros Skylakakis, to reduce prices.

As consumers struggle to find which set of power rates is ideal for them out of the "green," "blue," "yellow" and "orange" categories to be introduced from January 1, blue tariffs appear to be beating the green and yellow floating tariff.

Special tariffs will come into effect on January 1 for consumers who use smart meters for electricity consumption, designed by electricity suppliers in compliance with the decisions of the Ministry of Environment and Energy for the new framework that will determine retail electricity as of 2024.