The energy market in Romania is going through a period of uncertainty and low liquidity, exacerbated by the risk of monopolies and state intervention, said Septimiu Stoica, president of the General Assembly of Shareholders of the Romanian Commodities Exchange (BRM).

“The market is barely surviving in this environment of excessive taxation and price caps. All in all, there is a sense of uncertainty and low liquidity. A monopoly by market operators is looming again, something we are extremely sensitive and irritable to. We criticise this paternalism towards the Romanian state’s own institutions,” Stoica said at the conference “Romanian Energy Market – Facts of 2025”.

He criticised the idea of a “step-by-step re-liberalisation” of the energy market, saying that a single liberalisation, properly applied, is the real solution. In his view, control and regulation measures have had negative effects for consumers, suppliers and the state.

“Consumers have often bought energy at regulated prices that are worse than market prices. The state complains that it has lost by these measures, the suppliers complain too. Everyone has lost, we don’t know who has gained,” Mr Stoica added.

He also emphasised that, despite the difficulties in the market, the state has obtained substantial revenues from the energy surcharge, but it is not clear where these funds have been used and whether they have been used to really support the energy industry.

The conference “Romanian Energy Market – Facts of 2025” was organized by Energynomics with the support of our partners: Alive Capital, Elektra Renewable Support, Enevo Group, Hidroelectrica, Nano Energies, Software Media WEBUS 4 ENERGY, Think Blu Solution.