Europe
With a power score of 2.56, Romania ranks number 5 among Emerging Markets and number 1 in the Europe region
Power score
2.56/5
Score over time
2021 - 2024
Romania has a power score of 2.56, which puts it at rank 5 in the Emerging Markets power ranking. In comparison to 2023, Romania has improved in the power rankings by 5 places, from rank 10, to rank 5.
At 2.56, the power score of Romania is worse than than the regional average of NaN in the Europe region and puts it at rank 1 in the region.
Romania implements policies in 4/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Net metering, and VAT incentives.
The average electricity price in Romania has dropped from 349.93 USD/MWh in 2022 to 219.36 USD/MWh in 2023. Since 2017, the average electricity price in Romania has fluctuated between 119.07 USD/MWh (2017) and 349.93 USD/MWh (2022).
The top amount of capacity installed in Romania in 2023 was in Large Hydro at 18.88%, down from 19.89% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - commercial at 4.67%, up from 1.37% in 2022.
The top amount of electricity generated in Romania in 2023 was in Nuclear at 20.57%, up from 19.53% in 2022. The technology with the biggest increase in electricity generated in 2023 was Small Hydro at 14.24%, up from 12.3% in 2022.
Investment in clean energy in Romania was around $1,201.36 million in 2023, an increase of 115.35% from 2022 ($557.87 million). Between 2018 and 2023, the highest investment in clean energy was in 2023 at $1,201.36 million, while the lowest was in 2020 with $2.03 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.