The repeal of some provisions of GEO 114 is “a good thing”, which confirms a return to normality, said Ion Lungu, president of the Romanian Electricity Suppliers Association – AFEER.

”The appearance of GEO 114 was intended to be a surprise of large proportions for everyone. Basically, it changed the entire legislative system in Romania. Curious was the way of launch. First, there was talk of a 3% contribution on the turnover for companies licensed by ANRE, then it got reduced to 2%. On the idea: we say more, then less, if you keep it that way, that’s fine! GEO 114 had very, very bad effects. It has created a perception among investors, market participants, that you must have limited confidence in the legislation in Romania. No investor can accept that laws change overnight … Legislative changes have also caused uncertainty. Fundamental elements of the market were destroyed: transparency, predictability, stability. This, in the conditions in which ANRE, the Competition Council – in the analyzes and the realized reports – did not identify disturbing elements, possible distortions of the market. I could say that GEO 114 appeared as a decision that was not related to the functioning of the market”, says Lungu, quoted by investenergy.ro.

“From the point of view of suppliers and traders, the good part is that ANRE understood the law very well and came with secondary regulations in its letter and spirit. The fact that, again, it is changing – we do not know how – but the initiative is blocked between the parliamentary committees, again shows uncertainty. However, repealing some provisions of GEO 114 is a good thing. It marks the return to a normal situation,” said Lungu.