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Termoelectrica and CET-Nord will be allocated 260 million lei from the Energy Vulnerability Reduction Fund for compensation of heat bills in February and March.

Termoelectrica and CET-Nord will be allocated 260 million lei from the Energy Vulnerability Reduction Fund for compensation of heat bills in February and March.

Such decision was taken at the meeting of the Commission of Emergency Situations. The financial resources will be used to ensure necessary liquidity for Termoelectrica to buy fuel oil (200 million lei) and cover the cash gap of CET-Nord (60 million lei) during the cold season, based on the forecasts of the operators. If the amount of allocated advance payment exceeds the amount of compensation provided to consumers, the companies will return the balance to the Ministry of Labor and Social Protection. In addition, given the logistical problems, fuel oil suppliers will be exempt from paying the penalties provided for in the contracts with Termoelectrica. // 28.02.2023 – InfoMarket

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