OPCOM: OTC electricity trading platform to become operational on Feb. 1, 2014

An over-the-counter (OTC) platform for electricity trading in Romania will become operational on February 1, 2014, Director General of Romania’s OPCOM gas and electricity market operator Victor Ionescu told a conference on the liberalisation of the power market.

‘The project for the OTC trading was approved this summer by the Financial Oversight Authority (ASF) and will be carried through in five months’ time. On February 1, the platform will be made available to the market players,’ said Ionescu, adding that the creation of an OTC platform in cooperation with representatives of energy suppliers is mainly designed to eliminate any suspicion over term trading.

Ionescu also said the prices quoted on the Bucharest power exchange have never been at odds with the prices quoted on other similar European exchanges, saying that in the first eight months of 2013 the number of green certificates issued was equal to the entire number of green certificates issued in the year 2012.

The regulation concerning the organised framework for trading on a centralised market with double continual negotiations of bilateral electricity contracts approved under Order 49 of the National Energy Regulatory Authority (ANRE) was published in Official Journal 467 of July 29, 2013.

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