Prime Minister Marcel Ciolacu provided more information on the reduction of gas, energy and RCA tariffs. The ceiling for these rates will be extended. And citizens who have credits receive good news today.
Marcel Ciolacu announces the extension of the capping of gas, energy and RCA prices
At the opening of Thursday’s Government meeting, Prime Minister Marcel Ciolacu announced that the capping of energy, natural gas and RCA prices will be extended by means of normative acts to be adopted during today’s meeting, held at the Victoria Palace.
At the same time, he also claims that the return to normal rates will be done in stages, the process will start in 2025 and last until 2026.
The capping of RCA tariffs will be extended until June 30.
“We promised the Romanians that we would maintain the ceiling on energy and gas prices until the spring of 2025. Today, we are taking an extra step and modifying the ceilings in favor of consumers! It is normal to take into account the trend of reducing energy and gas prices at the European level.
The population and the economy are still protected! And we also make sure that the return to the free market is done in stages, until 2026, with fair prices for Romanians.
We are still talking about capping, but in another area, that of insurance. We are extending the capping of RCA tariffs for another three months, until June 30. We want to combat any risk of excessive price increases due to previous imbalances in this market. And let’s give the Romanians a helping hand, as ASF did recently and seriously reduced the RCA insurance in the case of transporters”, explained Ciolacu.
Good news for Romanians who have loans
Marcel Ciolacu pointed out that on Wednesday the extension of the ceiling on additives to basic foods until the end of this year was made official.
At the same time, Parliament approved a law that limits excessive interest on loans, such as 20,000%, which have been practiced for a long time by non-banking financial institutions.
According to the Prime Minister, the Government acts promptly to regulate situations in which speculation and abuses are found that affect the well-being of citizens.
“I am glad that the extension of the capping of additives to basic foods until the end of the year was promulgated yesterday. And that Parliament voted to cap those unreasonable interest rates on loans, like 20,000 percent, practiced for so long by non-banking financial institutions. Wherever we see speculation and excesses that affect the standard of living of Romanians, we intervene and regulate the situation!”, added Ciolacu.
The provisions of the Government Decision regarding the capping of RCA tariffs
The GD establishing the extension of RCA tariff capping provides the following:
“Art. I – The period of application of the maximum premium rates and the distribution commissions related to the RCA contracts provided for in art. 1 paragraph (2) and (4) of Government Decision no. 1.326/2023 regarding the establishment of maximum premium rates and other measures applicable by insurance companies that practice compulsory motor civil liability insurance for damages caused to third parties through vehicle and tram accidents, published in the Official Gazette of Romania, Part I, no . 1,192 from December 29, 2023, until June 30, 2024.
Art. II. – Provisions of Government Decision no. 1,326/2023 applies until June 30, 2024.
Art. III. – This decision enters into force on April 1, 2024″, according to the cited GD.
New lower ceilings for energy bills
The administration led by the PSD leader, Marcel Ciolacu, proposes a new initiative to extend the Emergency Ordinance regarding the capping and compensation of gas and electricity bills. The proposal calls for introducing new, even lower limits for both home consumers and businesses, according to a bill under public debate.
The PSD proposal maintains the price of 0.68 lei/kWh for household consumers who use up to 100 kWh/month of electricity.
For people with a monthly consumption between 100 and 255 kWh/month, the tariff remains at 0.80 lei/kWh.
Household consumers with a consumption between 255 and 300 kWh/month would pay a maximum of 1.2 lei/kWh, down from the current rate of 1.3 lei/kWh.
As for the companies, PSD demands a maximum price capped at 1 lei/kWh, replacing the current rate of 1.3 lei/kWh.
Marcel Ciolacu, as Prime Minister, reiterated the commitment to maintain the energy and gas price ceiling mechanism until at least the spring of 2025. The Executive Leader offered assurances that the population, as well as companies, will continue to benefit from protection in respect of these tariffs.
It is essential to emphasize that the decision to cap energy and gas tariffs for both domestic and non-domestic consumers was one of PSD’s priorities. This has been implemented since the first months of the mandate of the current Government.
