Companies that have to sell gas at a capped price can recover their losses by June 30, 2022, according to GEO 114, but ANRE should issue the methodological norms for the application of this provision in the next period, according to market sources.

ANRE has decided to limit the price of the gas sold to the population and the thermal power plants (CHPs) and imposed the explicit restriction of the sale to other legal entities.

“Clearly, we will see these losses transposed into bills,” quoted sources say.

The Government decided last week to amend GEO 114 by issuing a new ordinance, 19/2019.

Thus, ANRE will have to amend all previously issued acts in order to comply with the new ordinance.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.