In a changing energy landscape, discussions about investment, strategy and governance are often clouded by outdated or distorted perceptions. That’s why the dialog between Alexandru Chiriță, CEO of Electrica Group, and Gabriel Avăcăriței, at “WATTs Next”, the new podcast format by Energynomics, proved all the more valuable. With clarity, Alexandru Chiriță debunked some of the false perceptions about Electrica and the Romanian energy system as a whole.
One of the most persistent clichés is the association of Electrica with the idea of an inert state-owned company, in which initiative and performance would be inhibited by public ownership. This is the wrong starting point, explains Alexandru Chiriță, because the reality is a mixed structure that works precisely because of the balance between the two components: “The state is a 49.7% shareholder. So it is a minority.” In his view, the state’s presence in the shareholding is not a disruptive factor, but an element of stability.
“From the investors’ perspective, the state is an element that gives you a degree of comfort that things are going in the right direction and especially in a stable direction in line with European and national regulations.” On the other hand, the private component – about 50% – brings flexibility, economic rigor and real financing capacity. “We have the best of both worlds,” he sums up, suggesting that Electrica’s image should be seen through the prism of performance and governance, not simplifying labels.
Another widespread prejudice – and with direct implications in the public debate – is that distribution operators, including Electrica, would oppose the development of prosumers. This idea, says Chiriță, is completely false: “It’s a myth.” In reality, Electrica not only does not put obstacles in the way, but constantly invests in expanding and modernizing the grid to make it possible to absorb the surplus energy generated locally. “We exceed 100% of the regulated targets.” The real problem is not about will, but the physical limits of the existing infrastructure: “The whole distribution area needs investment to adapt, because the system was not built to absorb these prosumers. It was unidirectional.” Today, the technological reality is radically changing: flows are becoming bidirectional, and network operators need to completely rethink their architecture and the way they operate. The process is ongoing, and yes, it’s taking time – but the direction is assumed.
Other misperceptions, even if not directly labeled as myths, were clarified in the dialog. For example, the idea that large energy companies rely solely on tariffs to finance their projects is refuted by the reality presented by Chiriță: Electrica has issued 500 million euros worth of green bonds, attracted funds from the NRRP and the Modernization Fund, and won funding through the CfD scheme. Such decisions show a clear strategic ability to navigate international markets and build competitive projects in a complex financial ecosystem.
About “WATTs Next”
“WATTs Next” is the new podcast by Energynomics dedicated to energy leaders, designed to provide a clear understanding of the people shaping the industry, their visions for the future and emerging challenges. Its main goal is to go beyond standardized answers and delve into the personal and professional perspectives of the interlocutor.
The interviews are structured in three essential directions:
- Shaping a personal and professional profile, providing an authentic picture of the career path and values of the interviewed leader.
- Analysis of the most current topics, to understand what’s next in the industry, what the implications are for companies and consumers, and what we should prepare for.
- Explanation of some essential concepts, by debunking myths and clarifying complex notions for a wider audience.
