High temperatures increase Bucharest inhabitants' energy bills

Electrica Muntenia Sud, the power distribution and supply company, which covers the Bucharest area and Ilfov and Giurgiu counties, expects to generate a turnover worth around half a billion euros (1.6bn RON) this year, up 16% in RON against last year’s turnover. One of the factors behind this increase is the record high consumption of electrical power registered this summer. During the three summer months, Electrica Muntenia Sud could accumulate an additional sum of 22m RON (7m euros) amid the excessive use of air conditioning units and electric fans. Overall, this summer’s revenues will amount to approximately 130 million euros. For the entire country, which is supplied by the eight Electrica companies, half of which have been privatised, household consumers will pay approximately 30 million euros more for this summer’s electricity bills, compared with the same period last year. In addition, the hot weather has also boosted other economic segments.