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Home > Power >  Romania Power Market Outlook to 2030, Update 2021 – Market Trends, Regulations, and Competitive Landscape

Romania Power Market Outlook to 2030, Update 2021 – Market Trends, Regulations, and Competitive Landscape

This report discusses the power market structure of Romania and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.

Romania power market overview

Romania power market overview

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Thermal power capacity to decline sharply as Romania plans to phase out coal power plants by 2032

Installed thermal power capacity declined from 15.6 GW in 2000 to 7.4 GW in 2020, at a negative CAGR of more than 3%. Within thermal sources, coal was the dominant technology, contributing more than 55% of thermal capacity in 2020. The cumulative thermal power capacity is expected to decline at a negative CAGR of more than 4% from 2020 to 2030. The decline in cumulative thermal power capacity by 2030 is attributed to the coal power phase out announced by the Romanian government in 2021. The government is expected to establish a coal commission and phase out coal power plants by 2032. Several oil-fired plants are also expected to be decommissioned by the government during the 2021 to 2030 period. With phase out of coal power and decommissioning of oil-fired plants, the country will have to significantly depend on gas-fired plants for thermal power generation.

How is the Romanian power market structured?

The Ministry of Energy is the supreme authority responsible for drafting the national energy policy and strategy, and the implementation of the government policy in the Romanian energy sector. The Ministry is also responsible for monitoring compliance with EU obligations and requirements and managing the public assets in the energy sector. The Romanian Energy Regulatory Authority (ANRE) works under the Ministry of Energy and is responsible for the adoption of regulations in the electricity and gas sectors, as well as energy efficiency measures.

Who are the key players in the Romanian power market?

The generation segment in the Romanian electricity market is dominated by S.C. Hidroelectrica SA. Other major generation companies are Complexul Energetic Oltenia SA, S.C. Termoelectrica SA, OMV AG, and SNGN Romgaz SA. Transelectrica is the sole electricity transmission network operator in Romania. The company is engaged in the technical and operational management of the transmission system in the country and manages the interconnection system with neighboring countries. The electricity distribution sector in Romania is managed by eight distribution companies. Out of these eight companies, 5 are private players while the remaining 3 are state-owned companies. Major distribution companies are Distributie Oltenia SA (part of CEZ Group), E-Distributie Banat SA (part of Enel Group), Delgaz Grid SA (part of E.ON Group), and Societatea de Distribuție a Energiei Electrice Muntenia Nord SA. Major electricity supply companies in the Romanian market are CEZ Vânzare, Electrica Furnizare, and ENEL Energie.

Romanian power market, by key players

Romanian power market, by key players

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Where are the opportunities in the Romanian power market?

International companies can find opportunities in electrical power systems, products and services related to energy efficiency, smart grid, power distribution, power and gas storage, and refurbishment/construction of power generation capacities in the country. With the government looking to phase out coal power plants by 2032 and decommission several oil-fired plants by 2030, gas-fired plant capacity is projected to rise during the 2021 to 2030 period. Gas turbine manufacturers can tap on this opportunity to expand their presence in the country. Nuclear power also presents opportunities in the country with 2 new reactors under permitting stages. Nuclear power plant equipment suppliers can take advantage of this opportunity as the Romanian Government looks to expand the country’s nuclear power capacity.

What are the challenges faced by the Romanian power market?

The challenges for the Romanian power sector arise from its dependence on gas imports from Russia. Relations between Romania and Russia have historically been difficult. A deterioration of relations with Russia could result in gas supplies being blocked, which would damage Romania’s economy. To compensate for this, Romania has been trying to diversify into the exploration and production of shale gas, of which it is estimated to have significant reserves. Environmentalists are resisting the government’s attempts however, as they fear that shale gas exploration could lead to poisoning of underground water, along with small-scale earthquakes caused by tectonic shifts.

How has COVID-19 affected the Romanian power market?

Romania was significantly affected due to the COVID-19 pandemic in 2020. To curb the spread of COVID-19, the Romanian Government imposed strict national lockdowns in the country. Majority of the sectors in the country were affected due to these lockdowns; however, tourism and hospitality sector was the most badly affected.

With respect to power sector, the electricity consumption in the country declined by more than 1% in 2020 as compared to 2019. Electricity demand from industrial and commercial sectors declined significantly due to national lockdowns. Major electrical utilities operating in the country reported steep fall in revenues due to reduced electricity demand. Utilities also resorted to massive layoffs to reduce their financial burden.

Market report scope

Cumulative power capacity (Year – 2020) 19.7 GW
Base year for estimation 2020
Market overview by Capacity & generation, and transmission & distribution
Forecast period 20212030
Key companies S.C. Hidroelectrica SA, Complexul Energetic Oltenia SA, S.C. Termoelectrica SA, OMV AG, and SNGN Romgaz SA.

 

This report provides a comprehensive analysis of the power market in Romania and contains the following sections;

  • The executive summary captures the key trends in the country’s power market.
  • The “Romania Power Market, Snapshot” section provides a snapshot of the key parameters that affect the country’s power sector, as well as key points about the country’s power market including opportunities, challenges, and the impact of COVID-19.
  • The “Romania Power Market, Market Analysis” section provides the market structure, generation market share, deals, and demand structure.
  • The “Romania Power Market, Regulatory Scenario” section details the regulations and policies in the country’s power sector.
  • The “Romania Power Market, Capacity and Generation” section provides information on cumulative installed capacity and annual generation trends, by individual generation source.
  • The “Romania Power Market, Transmission and Distribution Overview” section discusses the power T&D infrastructure, electricity import and export, grid interconnections, and electricity trading.
  • The “Romania Power Market, Major Generating Companies” section discusses the major electricity generating companies in the country.

Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
  • Identify key factors driving investment opportunities in the country’s power sector
  • Facilitate decision-making based on strong historic and forecast data.
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development avenues
  • Identify key strengths and weaknesses of important market participants
  • Respond to your competitors’ business structure, strategy, and prospects

Companies Mentioned

S.C. Hidroelectrica SA, Complexul Energetic Oltenia SA, S.C. Termoelectrica SA, OMV AG, SNGN Romgaz SA

Table of Contents

Table of Contents

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1. Executive Summary

1.1 Thermal power capacity to decline sharply as Romania plans to phase out coal power plants by 2032

1.2 Solar PV and onshore wind power to lead renewable power market in Romania

2. Introduction

2.1 Romania Power Market

2.2 GlobalData Report Guidance

3. Romania Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4. Romania Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

– Deal Value and Volume, 2010-2020

– Deals by Type, 2020

4.4 Romania Power Market, Demand Structure

– Power Consumption by Sector, 2020

5. Romania Power Market, Regulatory Scenario

5.1 Renewable Energy Market, Overview

5.2 Renewable Energy Targets

5.3 National Energy and Climate Plan (NECP) 2021-2030

5.4 Hydrogen Energy

5.5 Renewable Energy Law

5.6 Government Emergency Ordinance no. 24/2017

5.7 National Strategy for Sustainable Development 2030

5.8 Quota System

5.9 Biofuel Quota

5.10 CfD Scheme

6. Romania Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2020

6.2 Total Power Capacity and Generation, 2000-2030

6.3 Thermal Power Capacity and Generation, 2000-2030

6.4 Hydropower Capacity and Generation, 2000-2030

6.5 Nuclear Power Capacity and Generation, 2000-2030

6.6 Renewable Power Capacity and Generation, 2000-2030

7. Romania Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

7.5 Electricity Trading

8. Romania Power Market, Major Generating Companies

8.1 S.C. Hidroelectrica SA

– Company Overview

– Business Description

– SWOT Overview

8.2 Complexul Energetic Oltenia SA

– Company Overview

– Business Description

8.3 S.C. Termoelectrica SA

– Company Overview

– Business Description

8.4 OMV AG

– Company Overview

– Business Description

– SWOT Overview

8.5 SNGN Romgaz SA

– Company Overview

– Business Description

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

– Power

– Renewable Power

– Installed Capacity

– Electricity Generation

– Electricity Consumption

9.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

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List of Tables

List of Tables

Table 1: Power Market, Romania, Macroeconomic Factors, 2000-2030

Table 2: Energy and Emission Targets, NECP, Romania, 2021-2030

Table 3: Allocation of Green Certificates, Romania, 2021

Table 4: Power Market, Romania, Cumulative Capacity and Annual Generation, 2000-2030

Table 5: Power Market, Romania, Cumulative Capacity and Annual Generation Share by Technology, 2000-2030

Table 6: Thermal Power Market, Romania, Cumulative Capacity and Annual Generation, 2000-2030

Table 7: Thermal Power Market, Romania, Major Plants, 2020

Table 8: Hydropower Market, Romania, Cumulative Capacity and Annual Generation, 2000-2030

Table 9: Hydropower Market, Romania, Major Plants, 2020

Table 10: Nuclear Power Market, Romania, Cumulative Capacity and Annual Generation, 2000-2030

Table 11: Nuclear Power Market, Romania, Major Plants, 2020

Table 12: Renewable Power Market, Romania, Cumulative Capacity (GW), 2000-2030

Table 13: Renewable Power Market, Romania, Annual Generation (TWh), 2000-2030

Table 14: Renewable Power Market, Romania, Major Plants, 2020

Table 15: Power Market, Romania, Transmission Line Length (Ckm) by Voltage Level, 2010-2025

Table 16: Power Market, Romania, Distribution Line Length (Ckm) by Voltage Level, 2010-2025

Table 17: Power Market, Romania, Annual Electricity Import and Export (TWh), 2000-2020

Table 18: Power Market, Romania, Upcoming Interconnection Projects

Table 19: Abbreviations

List of Figures

List of Figures

Figure 1: Power Market, Romania, Capacity Share by Technology, 2000-2030

Figure 2: Renewable Power Market, Romania, Cumulative Capacity, 2000-2030

Figure 3: Power Market, Romania, Country Summary

Figure 4: Power Market, Romania, Macroeconomic Factors, 2000-2030

Figure 5: Power Market, Romania, Market Structure

Figure 6: Power Market, Romania, Market Share of Generation Companies (%), 2020

Figure 7: Power Market, Romania, Deal Value and Number of Deals, 2010-2020

Figure 8: Power Market, Romania, Deals by Type (%), 2020

Figure 9: Power Market, Romania, Annual Power Consumption, 2000-2030

Figure 10: Power Market, Romania, Power Consumption by Sector (%), 2020

Figure 11: Power Market, Romania, Cumulative Capacity Share by Technology (%), 2020

Figure 12: Power Market, Romania, Cumulative Capacity and Annual Generation, 2000-2030

Figure 13: Power Market, Romania, Capacity Share by Technology, 2000-2030

Figure 14: Power Market, Romania, Annual Generation Share by Technology, 2000-2030

Figure 15: Thermal Power Market, Romania, Cumulative Capacity and Annual Generation, 2000-2030

Figure 16: Hydropower Market, Romania, Cumulative Capacity and Annual Generation, 2000-2030

Figure 17: Nuclear Power Market, Romania, Cumulative Capacity and Annual Generation, 2000-2030

Figure 18: Renewable Power Market, Romania, Cumulative Capacity, 2000-2030

Figure 19: Renewable Power Market, Romania, Annual Generation, 2000-2030

Figure 20: Power Market, Romania, Annual Electricity Import and Export, 2000-2020

Frequently Asked Questions

Romania’s total cumulative power capacity in 2020 was 19.7 GW.

The generation segment in the Romanian electricity market is dominated by S.C. Hidroelectrica SA, followed by Complexul Energetic Oltenia SA, S.C. Termoelectrica SA, OMV AG, and SNGN Romgaz SA.

Thermal power was the dominant source of power in 2020, accounting for more than 35% of total installed capacity.

The Romanian Energy Regulatory Authority (ANRE) works under the Ministry of Energy and is responsible for the adoption of regulations in the electricity and gas sectors, as well as energy efficiency measures.

Power consumption increased from 41.3 TWh in 2000 to 49.9 TWh in 2020, growing at a CAGR of 0.9%.

In 2020, industrial sector had the dominant share in power consumption accounting for more than 45%.

Transelectrica is the sole electricity transmission network operator in Romania.

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