Activity

We are active on: O.P.C.O.M.: PZU, PI and PCCB-NC

PZU

Day-Ahead Market

The Day-Ahead Market (DAM) is a component of the wholesale electricity market that allows firm electricity trading with delivery on the very next day after the trading day.

As of 17th June 2021, Romanian Day Ahead Market switched to operating in a price coupling mechanism at European level with implementing the DE-AT-PL-4M MC project, project known as Interim Coupling as well.

The DAM rules establish a centralized market framework for buying and selling of electricity by market participants, necessary:

  • To facilitate the establishing of a wholesale electricity markets at national and regional level within framework of competition, transparency and non-discrimination;
  • To establish reference prices for other wholesale transactions;
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PI

Intraday Market

The Intra-Day Market (IDM) is a part of the wholesale electricity market where firm trades are concluded for each trading interval of the corresponding delivery day, starting with the day before delivery day after the Day-Ahead Market trading has finished and 1 hour before starting the delivery.

As of 19.11.2019 the Romanian Intra-Day Market is functioning in coupled mode with the markets from the other 22 countries participating in the European project SIDC – Single Intra-Day Coupling (previously known as XBID) with the goal of introducing pan-European cross-border trading on the Intra-Day horizon, respectively Austria, Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Latvia, Lithuania, Luxembourg, Norway, The Netherlands, Poland, Portugal, Slovenia, Spain.

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PCCB-NC

The centralized market of bilateral electricity contracts

Characteristics

  • The trading is continuous and is run online from the workstations of the registered market participants.
  • Trading sessions are organized every working day between 12:00 and 14:00.
  • The identity of the trading participants is anonymous throughout the trading session and the trading system screen is accessible in real time on the web page of OPCOM SA.
  • The offers are standardized from the point of view of the power offered, the daily profile of the deliveries and the delivery periods.
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