Nicușor Dan: The last bit of energy is at a high price, consumers and companies have a high price

The Romanian president explained at the end of the European Council meeting in Brussels that the current pricing system in the single market penalizes countries that invest in renewable or cheap resources.

„Regarding the price mechanism, as you know, the mechanism by which the price of electricity is established is that all producers receive the price of the most expensive of the production sources that are available at a certain time interval. And this means that those who produce cheaper have substantial gains during certain time intervals. This means that, even in countries that have a significant percentage of cheap and renewable energy, due to the fact that the last bit of energy is at a high price, consumers and companies in those countries have a high price,” Dan said.

The head of state claims that he has found openness at the European Commission level for two intervention options that would protect Romanians’ bills. According to him, the debate will continue in...