Energy sector in Romania - statistics & facts
Romania's energy sector has been deeply affected by the COVID-19 pandemic and the ongoing war in Ukraine, leading to substantial transformations within it. The subsequent energy crisis, escalating energy and gas prices, and the mounting expenses associated with carbon dioxide (CO2) emissions have resulted in an unprecedented surge in inflation, unlike anything witnessed in recent years.
Romania generates over half of its electricity through hydro and nuclear power plants. The share of energy from renewable sources has remained the same in the past decades, fluctuating between 22 and 25 percent. However, noticeable progress was made. Between 2021 and 2022, 2.59 billion Romanian lei were invested in future wind power projects, a significant step towards a more sustainable energy future. The increase in the number of prosumers by more than 2.5 times in 2023 further underscores Romania's dedication to renewable energy.
The electricity prices for households in the second half of 2023 amounted to 19.1 euro cents per kWh, which decreased by 44 percent since the second half of 2022 when it peaked at 34.11 euro cents per kWh. Nonetheless, the main energy products consumed were primary solid biofuels and natural gas, accounting for 73 percent of total household consumption.
Hidroelectrica was the leading energy company in Romania, with a revenue of over 12.3 billion Romanian lei. However, the largest company in Romania in terms of revenue was OMV Petrom SA, the leader in the oil and natural gas industry.
Romania's energy sector, buoyed by its rich resources such as natural gas, petroleum, and timber, is poised for significant growth. The Neptun Deep Project, the largest gas project in the Romanian Black Sea and the first deepwater offshore project in Romania, is a testament to this potential. Expected to be functional by 2025, the project will double internal gas production and strengthen Romania's role as a key player in the energy sector.
The number of prosumers is showing encouraging growth
Romania's energy policy is focused on minimizing CO2 emissions by promoting renewable energy sources (RES) and natural gas, augmenting energy usage in transportation, and enhancing overall energy efficiency. By the year 2030, energy production from fossil fuels is projected to decrease substantially, with a corresponding emphasis on RES, natural gas, and nuclear power generation.Romania generates over half of its electricity through hydro and nuclear power plants. The share of energy from renewable sources has remained the same in the past decades, fluctuating between 22 and 25 percent. However, noticeable progress was made. Between 2021 and 2022, 2.59 billion Romanian lei were invested in future wind power projects, a significant step towards a more sustainable energy future. The increase in the number of prosumers by more than 2.5 times in 2023 further underscores Romania's dedication to renewable energy.
Romania's energy sector is stabilizing
The electricity trade brought Romania a 47 million euro surplus in 2023 because of a slightly higher volume of exports than imports. The volume of imported electricity reached 8.6 terawatt-hours (TWh), with 38 percent imported from Hungary. However, Bulgaria was Romania's biggest electricity export partner, supplying 5.3 TWh and recording revenue of 522 million U.S. dollars.The electricity prices for households in the second half of 2023 amounted to 19.1 euro cents per kWh, which decreased by 44 percent since the second half of 2022 when it peaked at 34.11 euro cents per kWh. Nonetheless, the main energy products consumed were primary solid biofuels and natural gas, accounting for 73 percent of total household consumption.
Hidroelectrica was the leading energy company in Romania, with a revenue of over 12.3 billion Romanian lei. However, the largest company in Romania in terms of revenue was OMV Petrom SA, the leader in the oil and natural gas industry.
Romania's energy sector, buoyed by its rich resources such as natural gas, petroleum, and timber, is poised for significant growth. The Neptun Deep Project, the largest gas project in the Romanian Black Sea and the first deepwater offshore project in Romania, is a testament to this potential. Expected to be functional by 2025, the project will double internal gas production and strengthen Romania's role as a key player in the energy sector.
