Get real time updates directly on you device, subscribe now.
The price of electricity production fell by a third during the past four years due to renewable energy, despite the many criticisms against green energy, said on Wednesday Iulian Iancu, chairman of the Industry and Services Committee with the Chamber of Deputies at Energy Business Summit.
“In June 2012, the price of electricity generation was somewhere around RON 270 per MWh, and in 2016 it was on average of about RON 150. We are talking about a drop by one third in the price of energy production. Life has proven our projection was correct. When 100 MWh of renewable energy production enters the energy system, the price drops by EUR 1.5 per MWh,” Iancu said.
He pointed out that, on the other hand, the price paid by end users has increased by 10% during this period. Iancu also showed that in addition to the cost of production, it is added the distribution tariff, transport and supply fees, while taxes and excise duties account for half of the final price.
DONATE: Support our work
In an ever changing and challenging world, the media is constantly struggling to resist. Romania Journal makes no exception. We’ve been informing you, our readers, for almost 10 years, as extensively as we can, but, as we reject any state funding and private advertising is scarce, we need your help to keep on going.So, if you enjoy our work, you can contribute to endorse the Romania Journal team. Any amount is welcome, no strings attached. Choose to join with one of the following options:
Donate with PayPal
Donate by Bank Wire
Black Zonure SRLUniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002