The major electricity consumers have worked together with the representatives of the OPCOM, on a new product for trading on the centralized energy market, to satisfy their needs when it comes to long term contracts.
The characteristics of the new product and the proposed trading environment (completed at the end of August) were developed as part of a working group organized by OPCOM (the operator of the Romanian energy market). At the present time, the documents drafted as part of this working group are available on the website of the OPCOM and are open for public consultation. All economic entities have been invited to formulate observations and proposals for the amendment of the documents.
The ANRE (the regulator of the energy market) has even organized a first working meeting with the representatives of the energy producers and suppliers, during which the trading methods of the new platform were discussed.
According to official data, this product, called PCCB-DC, is intended to meet the needs of market participants to conclude the contracts for supplying electricity for periods greater than one year, which can be also used for attracting financing from lenders. For that purpose, a framework contract was elaborated and proposed, which will be considered as an appendix to the regulations pertaining to the organized environment for the trading of bilateral contracts.
PCCB-DC (the trading method according to which the contracts are awarded through competitive dialog) allows both sellers and buyers to initiate bidding sessions regardless of the type of license they hold. The documents proposed for discussion do not require or recommend that bids be proposed exclusively by the producers. Therefore, any company which holds a license issued by the ANRE and which has registered for participation in the centralized Market for Bilateral Electricity C
