The Romanian Commodity Exchange (RCE or BRM) said its platform for trading and negotiating bilateral power supply contracts with a minimum delivery term of one month will become operational on February 7. Power purchase agreements could so far only be concluded on Transelectrica’s OPCOM market.
The Bucharest government issued an ordinance late last year that liberalizes the electricity market, improves transparency in grid development and connection procedures, and defines the status of prosumers and energy communities in regarding the supply of their renewable energy to the grid and its storage. . The Romanian Commodity Exchange (RCE or BRM) was quick to announce the introduction of its platform for trading and exchanging bilateral electricity supply contracts for February 7.
The market operator said the scheme would apply to trades 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. A year ago, PPAs were reintroduced for generation capacities commissioned after June 1, 2020.
So far, the negotiation of bilateral wholesale electricity supply contracts has been limited to the OPCOM platform of the Romanian transmission system operator Transelectrica.
DLA Piper’s lawyers explained in an article published by Lexology that the government’s directive opens up OTC markets, energy, capacity, balancing and ancillary services trading across all time horizons and that includes market derivatives for electricity. However, the measures still have to be voted on in parliament, which has the power to modify or reject them.
RCE indicated that it had again applied to the French Energy Regulatory Authority (ANRE) for an electricity market operator’s license.