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The energy market must be left to adjust itself

25 June 2024
Oil&Gas
energynomics

The energy market needs, in the current context, a balance that should be achieved through the market’s own mechanisms, without excessive state intervention, said Daniel Apostol, Director General of the Federation of Oil and Gas Employers (FPPG).

“The current regulation is too complex for all parties involved: the state, consumers and market operators. Let’s stop confusing electoral policies with consumer protection policies. Let’s better define what a vulnerable consumer is and how we define them, increase regulatory clarity and transparency,” he said at the Energy Strategy Summit 2024, organized by Energynomics.

 

A clear definition of the concept of ‘vulnerable consumer’ and the creation of transparent and clear regulations are also essential for their protection.

According to Apostol, the solution to the “energy trilemma”, which involves ensuring security of supply, affordability and environmental sustainability, can only be achieved through a joint effort.

“Energy must be available to all consumers and security of supply must be addressed in a way that maintains acceptable prices. Energy must be produced on a sound economic basis, ensuring that the sector is profitable. This will benefit the state through taxes, companies and consumers. To tackle environmental problems, it is crucial that energy is produced and consumed in a sustainable way,” he said.

Energy Strategy Summit 2024 was organized by Energynomics, with support from our partners: ABB, ADC, Alive Capital, BayWa r.e, BCR, Best Tools Company, CRC Energy, Distribuție Energie Electrica Romania, DRI, Eaton Electric, Electrica Furnizare, Elektra Renewable Support, EnergoBit, Energo Power, Enevo Group, Evryo, Exim Banca Românească, Hidroelectrica, Horvath, Huawei, Jinko Solar, Keno Energy, MET România Energy, Nofar Energy, Nuclearelectrica, OX2, Photomate, PNE, Polytrade, Renomia Gallagher, Romgaz, Schneider Electric, SolaX Power, TDP Partners, ThinkBlu Solution, Transelectrica, Vertis, WALDEVAR Energy. With the support of Alexandrion GroupMobexpert.

Strategic partners: ACUE, AFEER, AIIR, AHK România, ARPEE, CNR-CME, CRE, EFdeN, EPG, HENRO, FPPG, PATRES, ROMATOM, RPIA, RWEA, SAMER.

Parteneri media: CISOLARThe Voice of Renewables

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