News

OPCOM becomes nominated electricity market operator

Published

December 14, 2015

Comments

comments icon

0

Share

Published:

December 14, 2015

Comments:

comments icon

0

Share

Romanian gas and electricity operator said it was designated by the Romanian Energy Regulatory Authority (Anre) as nominated electricity market operator (NEMO) for fulfilling tasks related to the coupling of the day-ahead and intraday markets. The designation of Opcom was performed according to European Union regulation for an initial period of four years.

The rules established a guideline on capacity allocation and congestion management, Opcom said on its website. The European legal act covers the implementation of the mechanisms of the European single electricity market according to its target model, establishing framework for the coupling of the electricity markets on day-ahead and cross border intraday horizons. The designation of Opcom as NEMO represents recognition of its performance and capacity to fulfil the tasks specific for market coupling in the context of European integration of the energy markets, according to the required level of exigence and the European best practices, also bringing complex responsibilities to which Opcom committed since the moment of participating in the 4M MC cooperation and that will be continued with same determination in the ongoing European projects, too.

Opcom trusts that the market participants will support its deployment, and that the authorities will perform the same determining role in Romania’s process of conformation to the European provisions with relevance for the Romanian wholesale energy market, the statement said.

Related Articles

HELLENiQ Energy buys ABO Energy Hellas 1 5 GW renewables

HELLENiQ Energy buys ABO Energy Hellas, adding 1.5 GW in renewables projects

02 July 2025 - Amid a consolidation in the renewables sector in Greece, HELLENiQ Energysaid it completed the acquisition of ABO Energy Hellas

EU outlines measures for 90 emissions cut by 2040

EU outlines measures for 90% emissions cut by 2040

02 July 2025 - A proposed amendment to the European Climate Law sets a 2040 target of a 90% reduction in net greenhouse gas emissions

battery storage eu solarpower europe bess

SolarPower Europe: EU needs ten times more battery storage by 2030 to meet renewables targets

02 July 2025 - SolarPower Europe has launched an initiative called the Battery Storage Europe Platform to promote battery growth across the EU.

Solaris Holding large hybrid renewable energy park Bulgaria

Solaris Holding launches production at large hybrid renewable energy park in Bulgaria

02 July 2025 - The new Selanovtsi solar farm of 59.8 MW in peak capacity near Vratsa was installed alongside a battery energy storage system of 107.3 MWh in capacity