Romanian aluminium maker ALRO has welcomed the adoption of the EO on compensating the indirect emissions costs embedded in the electricity price. ALRO Chairman Mr Marian NĂSTASE said “The adoption of the EO is a normal step towards levelling the field between Romanian companies and their competitors in the EU that benefit from the provisions of the European Commission Guidelines as early as March this year. Given the steep costs with electricity that brought many companies close to shutting down and forced others to reduce their activity significantly, this is a welcomed decision that needs swift operationalization. The electricity costs impacted our activity more and more over the past years, reaching unsustainable levels over the past year. However, we took all possible measures to mitigate the costs and continue our business, invest in critical equipment, and maintain our market share locally and internationally.”The support scheme was prepared in accordance with the provisions of the European Commission Guidelines on certain State aid measures in the context of the greenhouse gas emission allowance trading scheme post-2021 and targeted the sectors exposed to a real risk of relocation of CO2 emissions due to the significant indirect costs embedded in the energy price.The EU actually finances this compensation scheme through the revenues obtained by Romania from auctioning the greenhouse gas emission certificates attributed by the EU legislation to our country. Thus, the implementation of the EO for Romanian energy-intensive companies does not impact the electricity costs borne by other Romanian consumers.
Romanian aluminium maker ALRO has welcomed the adoption of the EO on compensating the indirect emissions costs embedded in the electricity price. ALRO Chairman Mr Marian NĂSTASE said “The adoption of the EO is a normal step towards levelling the field between Romanian companies and their competitors in the EU that benefit from the provisions of the European Commission Guidelines as early as March this year. Given the steep costs with electricity that brought many companies close to shutting down and forced others to reduce their activity significantly, this is a welcomed decision that needs swift operationalization. The electricity costs impacted our activity more and more over the past years, reaching unsustainable levels over the past year. However, we took all possible measures to mitigate the costs and continue our business, invest in critical equipment, and maintain our market share locally and internationally.”The support scheme was prepared in accordance with the provisions of the European Commission Guidelines on certain State aid measures in the context of the greenhouse gas emission allowance trading scheme post-2021 and targeted the sectors exposed to a real risk of relocation of CO2 emissions due to the significant indirect costs embedded in the energy price.The EU actually finances this compensation scheme through the revenues obtained by Romania from auctioning the greenhouse gas emission certificates attributed by the EU legislation to our country. Thus, the implementation of the EO for Romanian energy-intensive companies does not impact the electricity costs borne by other Romanian consumers.
