Essentialities of Energy Policy in Romania

Cristina Bâldan () and Emilia Ungureanu ()
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Cristina Bâldan: University of Piteşti, Romania
Emilia Ungureanu: University of Piteşti, Romania

Annals of the University of Petrosani, Economics, 2016, vol. 16, issue 1, 31-40

Abstract: The paper „Essentialities of Energy Policy in Romania” presents the fundamental objectives of European Union policies in the energy domain, the energy sector coverage and energy market liberalization. Market liberalization became mandatory in Romania, with the adhesion to European Union. Energy price liberalization in our country was a difficult process. Leaders of EU imposed on Government a pricing liberalization calendar with the mention that in case of not respecting it, the country would have been obliged to pay substantial penalties. Until the end of 2017, the transition to a 100% competitional market will continue. The tarrifs for final clients will increase, and the political pressure for maintaining lower tarrifs for electrical energy may become significant. The current experience is showing that numerous clients will slowly adapt to the changing environment.

Keywords: energy sector; electrical energy; market liberalization; regulated segment; electricity sector (search for similar items in EconPapers)
JEL-codes: D40 D49 L80 (search for similar items in EconPapers)
Date: 2016
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