Electricity

Bulgaria-Romania day-ahead market coupling completed

Bulgaria-Romania day-ahead market coupling completed

Photo: Anrita1705 from Pixabay

Published

October 27, 2021

Country

,

Comments

0

Share

Published:

October 27, 2021

Country:

,

Comments:

0

Share

The Bulgaria-Romania day-ahead market coupling has been successfully completed today. With the Bulgaria-Romania power market project, their border was integrated under the European single day-ahead market coupling (SDAC) as foreseen by the European Union’s regulation.

The aim of SDAC is to create a single pan-European cross-zonal day-ahead electricity market (DAM). An integrated DAM increases the overall efficiency of trading by promoting effective competition, increasing liquidity and enabling a more efficient utilisation of generation resources across Europe.

With the inclusion of the Bulgarian-Romanian border, a geographical loop has been closed and the Southeast Europe (SEE) region is now fully integrated in the single day-ahead coupling, Bulgaria’s power exchange IBEX announced.

The Bulgaria-Romania market project is implemented by the NEMOs and transmission system operators (TSOs) of Bulgaria and Romania: IBEX, OPCOM, ESO EAD and Transelectrica.

According to IBEX, integration of the Bulgarian-Romanian bidding zone border into SDAC marks is yet another major achievement in the completion of the European target model.

In addition to the HVDC interconnection between Greece and Italy, the Greek and Bulgarian day-ahead markets are now also connected northbound via the Bulgarian-Romanian border with SDAC, IBEX said.

“Today, for the first time, day-ahead cross-zonal capacity between Romania and Bulgaria has been implicitly allocated via the Euphemia algorithm. The implemented price coupling allows for the simultaneous calculation of electricity prices and cross-border flows across the region,” IBEX said.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

OMV Petrom sustainable fuels green hydrogen Romania

OMV Petrom to produce sustainable fuels, green hydrogen in Romania

19 June 2024 - The Petrobrazi refinery will become the first major producer of sustainable fuels in Southeast Europe, OMV Petrom said

DTEK subsidiary DRI buys 126 MW solar power project Romania

DTEK’s subsidiary DRI buys 126 MW solar power project in Romania

19 June 2024 - Renewable energy company DRI acquired its third project in Romania. The Văcărești solar farm is planned to have 126 MW in capacity.

iberdrola-hybrid-wind-hydro-portugal

Iberdrola plans Portugal’s first wind-hydro hybrid power project

18 June 2024 - A 274 MW wind farm will be linked to the Tâmega hydropower complex in Portugal's biggest hybrid energy project, says Iberdrola

baltic-sea-subsea-interconnector-sweden-germany

Sweden opts against subsea interconnector with Germany over power price concerns

18 June 2024 - The Hansa PowerBridge subsea interconnector would have facilitated renewable electricity transmission from Scandinavia to Germany