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Hidroelectrica finally galvanized over dodgy discounts

After the European Commission started an investigation into possible state aid in relation to the cheap energy acquired by “smart guys” on the local energy market, officials from the state-owned energy producer Hidroelectrica are now talking about price renegotiations of at least 3.5 percent and even the annulment of contracts. By Dana Verdes

December 2011 - From the Print Edition

The days when the smooth operators were buying cheap energy from state-owned electricity producer Hidroelectrica now look numbered. Companies like Alpiq, ArcelorMittal Galati and Energy Holding have for years enjoyed preferential prices for their electricity, and despite an outcry the cheap energy contracts were extended.
The various high-level debates on the subject were not enough to stop this way of handling state assets, nor did the finger-pointing that the Hidroelectrica management en...

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