On 14 April 2022 the Romanian Government has approved the long-awaited Emergency Ordinance establishing the measures for the application of Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the screening of foreign direct investments into the Union (“FDI Ordinance“). The initial draft of the …
Ministry of Energy launches a call for projects on “new production capacities for renewable energy”
On March 30, 2022 the Ministry of Energy announced that is launching a call for projects regarding production capacities from renewable sources (solar and wind), with a total budget of EUR 457,700,000 which will be financed through the Recovery and resilience plan for Romania (“PNRR“). Applications can be submitted during 31 March – 31 May …
Emergency Government Ordinance regarding the measures applicable to final customers of the electricity and natural gas market for the period 1 April 2022 – 31 March 2023, and amending other normative acts in the energy sector
On 18 March 2022, after much anticipation the Romanian Government approved Emergency Government Ordinance no. 27/2022 regarding the measures applicable to final customers of the electricity and natural gas market for the period 1 April 2022 – 31 March 2023, and amending other normative acts in the energy sector (“New EGO“). The New EGO was …
Long-awaited changes in the energy sector
On 31 December 2021, Emergency Government Ordinance no. 143/2021 amending and supplementing Law no. 123/2012 on electricity and natural gas (“EGO 143/2021”), entered into effect. It was a long-awaited amendment of Law no. 123/2012 on electricity and natural gas (“Law 123/2012”), since its main purpose was to implement Directive (EU) 2019/944 on common rules for …
Legislation establishing a compensation scheme for the electricity and gas consumption during the 2021-2022 cold season and imposing new taxation of producers on “excess” revenues has just been passed
On 4 October 2021, the Romanian Government approved Emergency Government Ordinance no. 118/2021 establishing a compensation scheme for the electricity and gas consumption during the 2021-2022 cold season and for amending Government Ordinance no. 27/1996 establishing amenities for people living or working in certain areas from the Apuseni Mountains and the “Danube Delta” Biosphere Reservation, …