The value of direct contracts renewed for the next five years by Hidroelectrica with energy traders and Alro Slatina revolves around 1.4bn euros, given current electricity prices.
Had these contracts been sealed at the market price, which is 25% higher in the case of intermediaries and 40% higher for Alro, their value would have stood at 1.85bn euros. Hidroelectrica annually sells 40% of energy generated for the next five years through these contracts.
Thus, energy traders are benefiting from a 250m-euro discount and Alro from a 200m-euro one, namely a total amount of 450m euros, which Hidroelectrica accounts for by the need of some long-term contracts and the demand of aiding the national industry in Alro's case.
The data is not public, but represents ZF estimates on the basis of public information around these contracts and of officials' statements.
Hidroelectrica in October 2010 renewed half of the contracts inked with energy traders for another five years, contracts that had been previously sealed for different periods starting 2001.
The value of direct contracts renewed for the next five years by Hidroelectrica with energy traders and Alro Slatina revolves around 1.4bn euros, given current electricity prices.
Had these contracts been sealed at the market price, which is 25% higher in the case of intermediaries and 40% higher for Alro, their value would have stood at 1.85bn euros. Hidroelectrica annually sells 40% of energy generated for the next five years through these contracts.
Thus, energy traders are benefiting from a 250m-euro discount and Alro from a 200m-euro one, namely a total amount of 450m euros, which Hidroelectrica accounts for by the need of some long-term contracts and the demand of aiding the national industry in Alro's case.
The data is not public, but represents ZF estimates on the
