Manfred Paasch: Only a free and functioning market can stimulate investors

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Romania should foster and support the development an internal energy market at European level, that should be competitive, integrated and liquid, by ensuring efficient price-setting mechanisms, and an increased delivery security, at the lowest cost possible, Manfred Paasch, CEO of E.ON România tells energynomics.ro in an exclusive interview.

”We can already see the first effects of the gas market liberalization, respectively a stepping up of the competition between the suppliers on the market, but also the entrance of new players, and hence there are more attractive offers in place.

For instance, we have recently launched E.ON Promo Gas, a digital package that can be contracted online only, providing household customers natural gas at an approximately down to 10% lower price than the one in the regulated offer.

We think that, in the future, quality services and solutions that bring in added value, that are devised to meet the specific needs of the customers – which in their turn are becoming ever more complex- will be the winning ones. The price of the natural is important, of course, but the quality and sustainability of the services will prevail,” Paasch said.

”Our challenge, in the context of the liberalization but also of the transformations the energy industry is undergoing, is to make the shift from the traditional energy and natural gas supplier statute to being a partner providing innovative modern solutions and services, that lend themselves to the specificity and needs of the customers in all categories.

Therefore, our strategy is to provide our clients as varied a portfolio of products as possible, that should ensure not only a competitive price, but also savings by reducing consumption, along with safe use services for the natural gas installations. Our goal is to improve the lives of the people for a more sustainable future, and the E.ON products and services are meant to contribute to cutting carbon emissions,” he added.

”Romania should foster and support the development an internal energy market at European level, that should be competitive, integrated and liquid, by ensuring efficient price-setting mechanisms, and an increased delivery security, at the lowest cost possible. If it actively pursued its integration into the European market, Romania could also secure import/export routes and clarify the legislation on natural gas fields exploration.

After the market liberalization on July 1st, 2020, and the implementation of the Gas Release Program (GRP) whereby the producers are under the obligation to put on offer 40% of the annual output, the internal market has become more liquid, that being a first step in defining the Romanian market as an important hub in the European market considering that Romania is EU’s second natural gas producer.

The next steps must include market mechanisms and channels to transform the Romanian gas market into a market dominated by a small number of players in an ac-tive, competitive market that is correlated with the EU hubs (Baumgarten in Austria and Dutch TTF Gas Hub in the Netherlands),” said the head of E.ON Romania, in an interview that will be fully available in the energynomics.ro magazine.

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Bogdan Tudorache

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