The companies Red Union Fenosa and Gas Natural Fenosa Furnizare Energie, which form part of the Gaz Natural Fenosa Group and serve about 70% of the country’s territory, said they were warned by the supplier that the supply of electricity could be reduced by up to 40% owing to the delay in paying for the supplied power starting with July 1, IPN reports.

In a press release, Gas Natural Fenosa says that this decision is unilateral and that it has to postpone making the payments because of the non-adjustment of tariffs since 2012, which, for their part, do not cover the full costs associated with the distribution of electric power. The electricity is purchased in US dollars at an exchange rate of 11.8 lei/dollar, which was included in the current tariff, at a time when the real exchange rate is now 18.68 lei/dollar. This situation leads to the accumulation of negative deviations that do not allow fully paying for the consumed heat.

In order to avoid causing problems and damage to end-users, Gas Natural Fenosa asked the supplier to postpone taking the announced measure until July 15 as it is confident that by then the National Agency for Energy Regulation will honor its commitments and will approve the new tariffs, in accordance with the made requests.