DBPapers
DOI: 10.5593/SGEM2014/B53/S23.105

ENERGY EXCHANGE IN ROMANIA: REALITIES AND PERSPECTIVES

E. Grecu, C. Clipa
Wednesday 1 October 2014 by Libadmin2014

References: 14th International Multidisciplinary Scientific GeoConference SGEM 2014, www.sgem.org, SGEM2014 Conference Proceedings, ISBN 978-619-7105-19-3 / ISSN 1314-2704, June 19-25, 2014, Book 5, Vol. 3, 791-798 pp

ABSTRACT
Energy Exchanges play an important role in providing public information on energy
prices. This is essential to have transparent pricing and reliable electricity wholesale and retail markets. Exchange energy requirement of Romania on registration for Value Added Tax has created an artificial barrier to entry for traders in the EU and, consequently, reduced liquidity in the wholesale electricity market. Number was significantly affected traders. Therefore, the European Commission fined Romanian Power Market Operator (OPCOM) for abusing its dominant position on the Romanian market to facilitate transactions of electricity on the spot market in violation of EU
competition rules.

Keywords: information, transparent, market, traders, competition.