Eight Hours of Negative Prices on the Bucharest Spot Market and Diesel Excise Cuts: How the Government Responds to Energy Shocks — NRG-IA

Domestic Market Extremes: Free Electricity and Expensive Fuels The last 48 hours have highlighted a sharp contrast in the Romanian energy sector. On the Bucharest spot market, electricity recorded negative prices for eight hours today, with quotes dropping well below zero, according to data published by Economica.net . This temporary oversupply of electricity contrasts sharply with the pressure of fuel prices, which directly affects logistics and end consumers. To temper costs at the pump, Prime Minister Ilie Bolojan announced the Coalition's decision to reduce the excise duty on fuels. "In the first stage, we are focusing on diesel, because this is where the biggest increases have been, and 70% of fuel consumption in Romania is diesel," the Prime Minister stated at Digi24 . The topic of energy prices was also central to the discussions the head of the Executive held at the Government with Apostolos Tzitzikostas, the European Commissioner for Sustainable Transport and Tourism.…