Mihai Draghici, EY: “Current energy prices could support investments in the energy sector”

“Romania is connected with Hungary, Slovakia and the Czech Republic. When we look at the graph of energy prices in these 4 countries for the next 5 years, we notice that Romania is very close to Hungary, which was the leader in this period in terms of prices.

The only good news for Romania would be that current prices could support investments in the energy sector,” Mihai Draghici, Senior Manager, Business Advisory, EY said during the Energy CEO Forum 2021 organized by The Diplomat-Bucharest.

“EY conducted a comprehensive study on the impact of decentralization and identified three major critical points. The first critical point is the one in which the energy production at the level of the final consumer becomes competitive with the price of the energy received from the supplier. This moment was estimated at the level of 2022.

The second critical point with a major impact on the energy system is where electric cars become competitive in terms of price with internal combustion cars. This moment would happen in 2025, and the expectations for the energy sector are significant both from the perspective of higher consumption and from the perspective of potential prosumers.

The third critical point was considered the one in which the production and storage of electricity becomes competitive in front of the energy transport. We still have some time to prepare for this point, which would happen in Europe in 2040.”

The CEO Forum brings together the decision makers at the Governmental level and civil society and C-level business leaders in the energy sector. The Forum joins on the same stage senior figures, experts and the most knowns specialists in the field, to discuss some of the most pressing aspects of the industry today.

SPEAKERS  | CEO FORUM:

CORINA POPESCU, CEO Electrica

ERIC STAB, Chairman & CEO, ENGIE Romania

MIHAI DRAGHICI, Senior Manager, Business Advisory, EY

STEFAN GADOLA, Director General, EnergoBit

RAZVAN COPOIU, CEO Signify Romania

CORNELIU BODEA, CEO Adrem & President, Romanian Energy Center (CRE)

ONDREJ SAFAR, CEO CEZ Romania

VALERIU BINIG, Director, Regulatory and Antitrust, ENEL