In the public debate on energy, figures and perceptions circulate quickly and conclusions are often hasty. On WATTs Next, the new podcast format launched by Energynomics, in a conversation with Chief Editor Gabriel Avăcăriței, Volker Raffel, CEO of E.ON Romania, sought to clarify some of the myths that, in his opinion, risk undermining the very future of the energy system.
The first is the illusion of the low price. “There’s no such thing as a low price or a high price, but a fair price. If it’s too low, nobody invests. If it’s too high, the customer pays too much.” The example of heating in Romania, where prices have been kept artificially low, is instructive: the networks today lose up to 37% of thermal energy, a huge cost of decades of underinvestment. In energy, says Raffel, the real danger is not temporary price hikes, but the blocking of investments that guarantee long-term security.
A second myth is linked to the “energy hub” status. Romania often defines itself as such but reacts with suspicion whenever it imports or exports energy. “The idea that we are an energy hub and at the same time complain that we import or export something is wrong. A hub means both import and export.” With its geographical position and existing infrastructure, Romania has, according to Raffel, the chance to become not only a competitive player, but also a real contributor to European competitiveness: “Romania has the most suitable geopolitical situation and a system which, if we do our homework now, is much better prepared than the German energy system. I believe that Romania really can not only be competitive, but also contribute to European competitiveness,” Raffel emphasized.
The most delicate myth, however, concerns the relationship between member states and Europe. “At the moment we see too many people all over the world who have no interest in a strong Europe,” warns Raffel, in the most serious moment of the conversation. “We all have our patriotisms,” but this temptation can undermine the very basis of prosperity and security in a world where no single nation can play a major role on its own. “If we give way to misplaced nationalism, every state becomes too weak. The only way for Romania to be heard is to remain in the European context.” Cooperation remains the only way Romania can strengthen its voice and ensure the stability needed for investment.
Rather than looking for easy solutions or service culprits, the CEO of E.ON Romania invites us to take a clear-headed look: the right price, not low or high; the hub as a space of flows, not isolation; and Europe as a guarantee of collective strength, not as a limit of sovereignty. These are all antidotes against certain illusions which can easily seduce public opinion but which, left unchecked, can block the very progress Romania needs.
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.