Affiliation:
1. Bucharest University of Economic Studies
Abstract
The energy sector is particularly important in the Romanian economy, both in terms of its size and in terms of the impact of developments in this sector on other branches of the economy. Developments in the energy sector, particularly in the electricity sector, also have social implications. As a result, the energy regulation institutions have been heavily involved in this area, using all the instruments at its disposal, both from a competition and a state aid perspective: investigation of possible infringements of competition law, sector inquiries, regulatory clearance, merger analysis, recurrent monitoring of the sector etc.
This chapter focuses on the stages of the liberalisation process, which started in 2007 for the electricity sector. The effects associated with the liberalisation process are also presented, in particular in terms of the structural changes that have occurred.
As regards the price developments observed in the energy sector, they should be seen in the context of regional developments, the recent increase in electricity prices being a European phenomenon, partly justified by the recovery of the economy after the pandemic, the level of stocks, but also by the European policy of increasing the pollution penalty.
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