Romanian energy trader Restart pulls out of natural gas supply market

Energy Trade

Restart Energy, an independent energy supplier in the Romanian market with a portfolio of around 50,000 customers on the electricity segment and 18,000 on the natural gas segment, announced its strategic decision to stop supplying natural gas and instead focus on green energy, starting 2022, according to a report by Romania-insider.

The company, besides other peers, was slapped a fine by the market regulator ANRE in October because it had not informed in advance its customers about provisions allowing it to increase the price under certain circumstances.

In the statement announcing its "strategic" decision of pulling out of the natural gas supply market, Restart Energy accused "a real state of discomfort among both natural gas suppliers and end customers" generated by the market volatility and the legislative changes recently adopted in Romania.

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