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Essentialities of Energy Policy in Romania

Author

Listed:
  • Cristina Bâldan

    (University of Piteşti, Romania)

  • Emilia Ungureanu

    (University of Piteşti, Romania)

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.

Suggested Citation

  • Cristina Bâldan & Emilia Ungureanu, 2016. "Essentialities of Energy Policy in Romania," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(1), pages 31-40.
    • Handle: RePEc:pet:annals:v:16:y:2016:i:1:p:31-40
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    References listed on IDEAS

    as
    1. Dorina Niţă & Imola Drigă, 2009. "Prospects of Coal Exploitation against the Liberalization of European Gas and Electricity Markets," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(4), pages 113-120.
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      More about this item

      Keywords

      energy sector; electrical energy; market liberalization; regulated segment; electricity sector;
      All these keywords.

      JEL classification:

      • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
      • D49 - Microeconomics - - Market Structure, Pricing, and Design - - - Other
      • L80 - Industrial Organization - - Industry Studies: Services - - - General

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