Romanian regulator clears intra-day electricity market reforms
Romania’s energy regulator ANRE has approved reforms to the country’s intra-day electricity market that market participants said on Friday will boost trade among renewables generators.
According to a statement published late on Thursday, the revised set of regulations will apply to all transactions carried out on the intra-day market and will include changes to registration requirements, trading conditions and market supervision.
The move will allow participants to trade until two hours before delivery of products. At present, the intra-day market opens at 13:00 CET and closes just one hour later. And despite the intra-day title, the trading happens on the day before delivery.
The reforms will enable participants to adjust positions at the last minute, taking into consideration more recent developments that can influence the market such as renewables output and weather conditions.
Sources welcomed the changes. One trader said on Friday the move would ease trading activity in Romania and hoped for no further changes on top of those
Another source said having the option to trade up to two hours before the delivery time was the most advantageous of the reforms.
The second source added that the move was most beneficial to green energy producers. “Producers generating from renewable sources, like solar and wind, will be able to correct position very close to delivery,”
According to the ANRE, the intra-day implementation creates a “framework necessary for the easing of daily trading portfolio equilibration and market transparency”.
The implementation date is still up in the air but a number of market partiipants said on Friday the reforms could take effect as early as next month. Sophie Udubasceanu
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