The spot price of electricity reaches new record in Romania
foto: romania-insider.com
The electricity sold on Romania’s spot market reached record values of EUR 133.3 per MWh, in the last three days (January 24-26). The price has doubled since the beginning of the year, according to Romania-Insider.com.
The spot energy market allows producers that have a surplus of electricity to instantly locate interested buyers for this energy. Small quantities of electricity are usually traded on this market as the bulk of electricity produced in Romania is traded on the bilateral contracts market, under longer term contracts, where the prices have been relatively stable in recent months, at around RON 160 (EUR 36) per MWh.
However, the electricity distributors and traders often come to this market when they need to cover for unexpected spikes in consumption and extra demand from clients.
The spot energy market allows producers that have a surplus of electricity to instantly locate interested buyers for this energy. Small quantities of electricity are usually traded on this market as the bulk of electricity produced in Romania is traded on the bilateral contracts market, under longer term contracts, where the prices have been relatively stable in recent months, at around RON 160 (EUR 36) per MWh.
However, the electricity distributors and traders often come to this market when they need to cover for unexpected spikes in consumption and extra demand from clients.