The National Agency for Energy Regulation (ANRE) will examine the request of Gas Natural Fenosa to increase the electric power tariffs, but the rise asked by the company is too high, the Agency’s director Sergiu Ciobanu said in Parliament on July 2, IPN reports.

According to Ciobanu, the request to raise the electricity tariff by 60% is not justified. “We consider that such a demand is not reasonable. We are now analyzing the reports and are to determine how much the electricity charges can rise,” said the ANRE director.

Sergiu Ciobatu also said that there are real possibilities for the electricity tariffs to decrease. “The distributors of electric power are now in the process of reorganization. When the process is over, the consumers will be able to choose the distributor or supplier of electricity. When there is competition, the tariffs may decline,” he stated.