Government approved the cap until the spring of 2022 of the selling price of natural gas from domestic production from producers to suppliers, following to apply various ceilings depending on the type of end-consumer of gas, household or industrial, State Adviser Darius Vâlcov announced after the Government meeting in which the GEO containing this measure had been adopted.
Thus, in the case of gas for population, the ceiling will be RON 68/MWh, as provided by the initial version of the draft GEO. For industrial consumers, the ceiling will be imposed by returning to a gas mixture or "basket", consisting of gas from domestic production and imported gas, specific to the period before market liberalization. "For industrial consumers, the price ceiling will be a mix between the price for households, of RON 68/MWh, the import gas price and the cost of gas storage", Vâlcov explained.
According to him, the state will not gain from the adoption of this measure, on the contrary. "We will have losses to the state budget of RON 1.5-2bn, due to a reduction of dividends collected from the profits of gas producers (the state controls Romgaz with a stake of over 70% and owns a stake of over 21% in OMV Petrom, the main producers - Ed.) and lower revenues from the tax on windfall gains resulting from liberalization", the adviser to PM Viorica Dancila added.