1. Market Research
  2. > Energy & Environment
  3. > Energy Market Trends

Romania Energy Report - Q1, 2014

  • May 2014
  • 50 pages
  • Emerging Markets Direct Media Holdings
Report ID: 3307120

Summary

Table of Contents

This report covers the data released mainly during Q1'14 - and in the first months of Q2, mainly regading full-2013 data and preliminary Q1'14 data. Besides the statistics office's data, we have collected and compiled statistics from Eurostat - who recently added JODI dataset among its official series, from the national energy market regulator ANRE and from the market operator OPCOM. Notably, JODI data were updated under Eurostat release and ANRE resumed releasing detailed monthly data on natural gas use.



The government is at the point where it plans to have updated the national long-term energy strategy. The previous version was drafted before the crisis and it became obsolete mainly because the energy consumption outlook changed dramatically. The gross energy consumption decreased by 9% y/y in 2013 and reached the lowest level in decades. There are indeed different trends among the energy sources - but generally the energy efficiency is going to increase as the energy price goes up. This was particularly visible in the natural gas sector, where Romania became nearly self-sufficient just by freeing the regulated price of the domestic gas. We are still far from having a functioning gas market, but the demand seems to be highly elastic to price as the inefficient use of gas in chemical industry plunged sharply recently as the prices increased.



The renewable energy sector also undergoes major regulatory changes. Romania's President Traian Basescu endorsed the amendments to the renewable energy support scheme defined under the law 220/2008. The move aims to respond to the government's claims that the electricity prices would otherwise rise dramatically. Romanian energy market regulator ANRE has decided that no overcompensation correction should be operated as of January 2015 under the renewable energy support system, since the investment and operation costs per MW of installed capacity are in line with the target profitability ratios of 10-12% (depending on technology used). ANRE has also set a renewable electricity mandatory quota of 11.1% for 2014, reducing it from 15% under the law 220/2010.



Key Points:

oNuclear power critical for Romania's energy strategy - draft govt document; coal to provide self-sufficiency while among green power - biomass should be encouraged.

oHidroelectrica picks up Morgan Stanley and Raiffeisen to manage 15% IPO, but the company re-enters insolvency meanwhile

oDomestic intake of primary energy decreased by only 4.3% y/y to 29.5mn toe in 2013

oCrude oil refinery intake bottoms out after record low in 2012;

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global LNG Industry Outlook to 2021 - Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Terminals

  • $ 8000
  • Industry report
  • February 2017
  • by GlobalData

Global LNG Industry Outlook to 2021 - Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Terminals Summary "Global LNG Industry Outlook to 2021 - Capacity and Capital ...

Generator Sales Market by Type, Application, Power Rating, End-User, and Region - Global Forecast to 2021

  • $ 7150
  • Industry report
  • February 2017
  • by MarketsandMarkets

“The generator sales market is projected to grow at a CAGR of 5.7% from 2016 to 2021.” The generator sales market is projected to reach USD 24.45 billion by 2021, growing at a CAGR of 5.7% from 2016 ...

Hydrogen Generation Market by Generation and Delivery Mode (Captive and Merchant), Application (Petroleum Refinery, Ammonia Production, and Methanol Production), Technology (Steam Methane Reforming and Coal Gasification), and Region - Global Forecasts to

  • $ 7150
  • Industry report
  • April 2017
  • by MarketsandMarkets

“The hydrogen generation market is projected to grow at a CAGR of 6.07%, by value, from 2017 to 2022.” The hydrogen generation market is projected to reach USD 154.74 billion, by value, by 2022, growing ...


Download Unlimited Documents from Trusted Public Sources

Energy Market Forecast in Europe

  • May 2017
  • Energy  

  • Europe  

View report >

Gold Imports in China and the UK - Forecast

  • May 2017
    3 pages
  • Gold  

    Oil  

  • China  

    United Kingdom  

View report >

The future of the Energy Industry in the UK

  • May 2017
    38 pages
  • Energy  

  • United Kingdom  

    Europe  

View report >

Oil And Gas Supply

32 hours ago

Oil And Gas Supply

32 hours ago

Oil Industry

32 hours ago

Oil And Gas Industry

32 hours ago

Related Market Segments :

Energy

ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.