Acasă » Electricity » Price capping: Small suppliers will have the biggest problems, ”there are great efforts, even desperate, to find money” – sources

Price capping: Small suppliers will have the biggest problems, ”there are great efforts, even desperate, to find money” – sources

24 March 2022
Electricity
Bogdan Tudorache

The majority of suppliers received only the part of the settlement related to the Ceiling Law for domestic consumers, from the Ministry of Labor, not the part of the funds that should be transferred by the Ministry of Energy, sources told Energynomics. At the same time, banks have reduced the credit lines dedicated to ensuring the cash flow, and some of the small suppliers are going to go bankrupt, the quoted source also said.

“We received from the Ministry of Labor, the capping part for households, but from the Ministry of Energy very little, almost nothing at all. Banks are no longer lending and there is a big problem with cash flow. The impact is on both the small suppliers and the big ones – let’s say the big ones find resources through the parent company, but the small ones, especially the Romanian suppliers, will have big problems,” the quoted source also said.

Have closures already been announced among small suppliers?

“No, they did not announce it, but they would not announce either. Previously, about 20 licenses were issued and no one announced anything. Whoever has problems will not brag about it,” added the quoted source.

“There are great efforts in the market, even desperate, to find money.”

Where will the money come from?

“We hope that the state will enter a better payment system, as in the case of the Ministry of Labor, where, although there were delays, after the money started coming, the process has already returned to normal and the settlement is better, without delay. However, when it comes to capping not even November was settled. But, we hope that after the settlement will start, things will go easier and return to normal,” added the quoted source.

The problem is exacerbated by the bureaucracy in ANRE, which has been asking for documents from suppliers for several months, but refuses various formats and launches new application platforms, or refuses documents for various reasons.

“So far, about 20% of the money has been given. 2-3 weeks ago there were 5-6 suppliers who submitted the documents correctly, finally, but so far the money has not been received. It is probably expected to pass the 30-day deadline provided by law,” added the quoted source.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

Leave a Reply

Your email address will not be published. Required fields are marked *