The analysis includes 33 European capitals, excluding Chisinau and several other states and territories.
Commenting on the situation for Ziare.com, energy expert and director of the Smart Energy Association Dumitru Chisăliţă said that there are several internal and external reasons.
“As for external reasons, the first one is determined by the blockage/overloading that exists on the Austrian-Slovak border, which means that there is a lack of balance between different parts of Europe. This blockage means that when there is a big shortage of electricity in the south-eastern part of Europe, it is very often in surplus in the central-western part of Europe, but there is not enough of it to balance in that part.”
This reason reduces the cost of the PZU (day-ahead market) by about €20/MW.
On the other hand, the specialist explains that another external reason is determined by the outflow of a significant amount of very cheap energy from this region to Ukraine as well as to the Republic of Moldova.
“Another problem is determined by the demand that has emerged in this region, we are talking about Ukraine and Moldova. This demand clearly puts pressure not only on Romania, but also on the whole region. This is why Hungary, Slovakia, Greece, Romania, Bulgaria are so close in terms of prices. If we look at the PZU, in many cases they have about the same value, because this pressure we have defined as about 3 euro/MW,” Dumitru Chisăliţă continues.
Thus, says the specialist, if we summarize these reasons, we will see that about 25% of the problem of high energy prices in the region is caused by external factors.
