Electricity

Romanian Commodities Exchange to roll out platform for bilateral power supply contracts

Romanian Commodity Exchange bilateral power supply contracts platform

Photo: Vograap from Pixabay

Published

January 17, 2022

Country

Comments

0

Share

Published:

January 17, 2022

Country:

Comments:

0

Share

The Romanian Commodities Exchange (RCE or BRM) said its platform for negotiating and trading bilateral electricity supply contracts with a minimum delivery duration of one month would become operational on February 7. Power purchase agreements could so far only be clinched on Transelectrica’s OPCOM market.

The government in Bucharest issued an ordinance at the end of last year that liberalizes the electricity market, improves transparency in grid development and connection procedures, and defines the status of prosumers and energy communities with regard to supplying their renewable energy to the grid and storing it. The Romanian Commodities Exchange (RCE or BRM) was quick to announce the introduction of its platform for negotiating and trading bilateral electricity supply contracts for February 7.

The market operator said the scheme would apply for deals with a duration of at least one month. Such contracts between suppliers and consumers are also called power purchase agreements – PPAs. They were effectively banned by law in 2012. One year ago PPAs were reintroduced for production capacities commissioned after June 1, 2020.

Trading in bilateral wholesale power supply contracts has so far been limited to Romanian transmission system operator Transelectrica’s OPCOM platform.

DLA Piper’s lawyers explained in an article published by Lexology that the government’s directive opens up over-the-counter markets, trading in energy, capacity, balancing and ancillary services in all timeframes and that includes market derivatives for electricity. Still, the measures are yet to be voted on in parliament, which has the power to alter or reject them.

RCE said it applied again with the Energy Regulatory Authority (ANRE) for an electricity market operator license.

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

Construction of first large solar power plant in BiH kicks off

27 May 2022 - The facility will be located in the southern municipality of Grude, 20 kilometers from the Adriatic Sea and 50 kilometers from Mostar

Wind solar save Turkey amazing USD 7 billion 12 months

Wind, solar save Turkey amazing USD 7 billion in last 12 months

27 May 2022 - Wind and solar power plants saved Turkey USD 7 billion over the last 12 months as it would have had to compensate for the shortfall with gas imports

Romania EUR 1 4 billion European funds grid solar gas

Romania to invest EU funds of over EUR 1.4 billion in grid, solar power, gas plants

27 May 2022 - The EU allowed Romania to use its share of the Modernisation Fund for the makeover of coal plant owner CE Oltenia and the electricity grid

guarantees-of-origin-energy-community-registries

Guarantees of origin scheme ready to go live in Energy Community markets

26 May 2022 - All that is left to do is for the national issuing bodies to sign agreements with energy certificate registry provider Grexel, says Naida Taso