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Romania

With a power score of 2.28, Romania ranks number 10 among emerging markets and number 27 in the global power ranking.

  • Emerging markets
  • Europe

2.28 / 5

Power score


+32 places

Global power rank change


2021
2022
2023
82
59
27

Overview

Romania has a power score of 2.28, which puts it at rank 27 in the global power ranking, and rank 10 in the emerging markets power ranking. In comparison to 2021, Romania has improved in the power rankings by 55 places, from rank 82, to rank 27.

At 2.28, the power score of Romania is better than the regional average of 2.18 in the Europe region.

Regional power score comparison

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Romania

Power

Power policy

Romania implements policies in 3/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.

Power policies

Renewable energy target
Renewable energy auction
Feed-in Tariff
Net Metering
Import tax incentives
VAT incentives

Power prices and costs

The average electricity price in Romania has increased from 172.9 USD/MWh in 2021 to 349.93 USD/MWh in 2022. Since 2017, the average electricity price in Romania has fluctuated between 119.07 USD/MWh (2017) and 349.93 USD/MWh (2022).

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Power market

The top amount of capacity installed in Romania in 2022 was in Coal at 22.91%, down from 23.08% in 2021. The technology with the biggest increase in capacity installed in 2022 was Solar PV at 8.46%, up from 7.56 in 2021.

Installed capacity (in MW)

2014201620182020202205K10K15K20K MW

Electricity generation (in GWh)

20142016201820202022020K40K60K GWh

The largest electricity generating technology in Romania in 2022 was Nuclear, generating some 19.42% of electricity, up from 19.37% in 2021. The technology with the biggest increase in eletricity generation in 2022 was Wind at 12.31%, up from 11.29% in 2021.

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Investment in clean energy in Romania was around $647.31 million in 2022, an increase of 434.19% from 2021 ($121.18 million). Between 2017 and 2022, the highest investment in clean energy was in 2022 at $647.31 million, while the lowest was in 2019 with $0.8 million.

Utility privatisation

Which segments of the power sector are open to private participation?

Generation: Yes
Transmission: No
Retail: Yes

Type

Question

Availability

Wholesale power market

Does the country have a wholesale power market?

Yes

Doing business and barriers

Type

Question

Availability

Currency of PPAs

Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?

Yes

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Yes

Type

Question

Availability

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

Yes

Type

Question

Availability

Fossil fuel price distortions - Taxes and carbon prices

Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?

Yes

Transport

Transport policy

Romania implements policies in 6/9 transport policy categories tracked by Climatescope, including Clean transport target, National ICE phase-out, EV purchase grant/loan incentive, EV VAT reduction/exemption, EV import tax reduction/exemption, EV income tax reduction/exemption, EV recurring tax reduction/exemption, EV charging infrastructure target, E-bus target.

Transport policies

Clean transport target
National ICE phase-out
EV purchase grant/loan incentive
EV VAT reduction/exemption
EV import tax reduction/exemption
EV income tax reduction/exemption
EV recurring tax reduction/exemption
EV charging infrastructure target
E-bus target

Type

Question

Availability

Fuel economy standards

Does the country have a fuel economy standard in place?

Yes
Climatescope 2023 print report cover

Power Transition Factbook

This marks the 12th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. In recent years, the project has been expanded to include activity not just in clean power, but also in the decarbonization of transportation and buildings.

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