Romania's Nuclearelectrica to Sell 21.4% of Output on Regulated Mkt in 2015

Romanian nuclear power producerNuclearelectrica [BSE:SNN]said the country's energy regulator, ANRE, decided it would have to sell 2.25 terrawatt hours (TWh) of electricity on the regulated market next year, or about 21.4% of the targeted output.

ANREhas the set the regulated price at158.63 lei ($44/35.4 euro) permegawatt hour (MWh) for next year, Nuclearelectrica said in a statement filed with the Bucharest Stock Exchange on Wednesday,adding thatthis price does not include thetransmission tariff, in the amount of 10.32 lei perMWh at present.

The company sold 3.74 TWh of electricity on the regulated market this year,about 35% of its output,at aprice of 145.80 lei per MWhin the first half of 2014 and of 154.07 lei/MWh in the second half of 2014, excluding thetransmission tariff.

Commenting on the news, Raiffeisen Bank Romania said in a statement on Thursday it hadestimated Nuclearelectrica would have to sell on the regulated market2.7 TWh of electricity,or25% of annual production, at a price equal to the one applied inthe second half of 2014. "[...]therefore we see the news as slightly positive. Nuclearelectrica had already contracted 3.1 TWh for next year (28% of annual production) until early December, at a net price of156.5 lei."

Blue chip Nuclearelectrica operatesRomania's sole nuclear power plant Cernavoda, located insoutheastern Romania. The planthas two reactors with an installed capacity of 700 megawatts each, which cover around one-fifth of the country's electricity needs.

Source: SeeNews