Frank Hajdinjak, president of the ACUE (Federation of Energy Utility Companies Associations), sent a letter to the Committee on Budget, Finance, Banks in the Chamber of Deputies on August 30, saying that an abrogation of GEO 114, without transitional measures for a corresponding period, would be a scenario that risks creating major imbalances and the implications should be carefully considered.

“We believe that a major new change in the legislation on electricity and natural gas markets, in less than a year from the last change, is harmful for the proper functioning of the energy markets. ACUE notes with concern that, while the legislation on the functioning of the energy and natural gas markets was radically changed in December 2018, without prior consultation of the relevant actors, this new decision would represent a radical new disruption of the legislative framework, but also without proper consultations, with significant consequences for domestic consumers. Any changes to the primary legislation should be made after consulting all relevant actors, so that the measures envisaged will cause as little disturbance to the functioning of the energy markets,” said Hajdinjak, quoted by financialintelligence.ro.

“A radical change of legislation will have a disruptive effect on the supply of domestic consumers during the cold season. ACUE draws attention to the fact that, at this moment, most suppliers have concluded their contracts for the purchase of natural gas and electricity needed to cover household consumption in the following winter, so that a fundamental change in legislation will lead to steep increases in prices and it will endanger the ability of suppliers to honor their contracts to final customers.”