Yesterday 13:40

A presidential adviser stated that energy prices could return to normal in 2028

Gabriel Dumitrache

6 November 2026, 13:40

Current Affairs

Energie România / Foto: Shutterstock

Always see our news on Google

Romania’s energy price could return to a normal level in the next two to three years, while pressure on the business environment could ease starting in 2028, presidential adviser Radu Burnete said on Friday at Concordia Summit 2026.

Burnete warned that next winter will be difficult amid tensions in the global energy market. He explained that Romania needs to complete delayed investments in energy production, develop renewable capacity, and accelerate storage and grid modernization projects.

An important factor is expected to be the entry of gas from the Neptun Deep project onto the Romanian market. According to the presidential adviser, these developments could reduce the pressure of energy costs on companies starting in 2028.

At the same time, Burnete argued for the need to control public spending and reduce the budget deficit. Romania also needs economic growth to limit the country’s debt and borrowing costs.

The presidential adviser advocated mobilizing domestic capital by developing the capital market, simplifying legislation, and creating more sophisticated financial instruments to finance Romanian companies.

Context: Romania had previously been warned that tense winters and high energy prices were looming, following the shutdown of the Cernavodă reactors and pressure on the gas market

Before Radu Burnete’s statements, officials and analysts had drawn attention to a period of volatility in the energy market. Secretary of State Cristian Bușoi said that, as long as the Cernavodă reactors were shut down, the forecast was “very worrying,” and each day of delay could intensify pressure on prices, amid high gas prices at the European level.

For his part, Dumitru Chisăliță, president of the Intelligent Energy Association, warned that the cold season of 2026–2027 could be more difficult due to the low level of gas storage in the country and in Europe, with possible effects on electricity bills (in scenarios of up to +20%). Meanwhile, the director of Romgaz stated that no gas supply problems were expected for household consumers, but emphasized that industry and other non-household consumers are exposed to European prices.