Price on Romania’s day-ahead electricity market down to EUR 26.2/MWh in June

By bne IntelliNews July 10, 2013

The average price on Romania’s wholesale day-ahead electricity market [DAM] dropped to EUR 26.2 [RON 117.2] per MWh in June, reaching the lowest value in the market’s history that starts in January 2007, market operator OPCOM announced.

The volume of electricity traded on DAM decreased slightly to 1.28TWh [32.2% of final consumption] from the historic maximum of 1.43TWh in April [34.2% of final consumption]. It still remains the second largest monthly volume traded in the market’s history.

The value of the DAM market has, however, decreased more significantly in June, to EUR 33.6mn – down from EUR 49.1mn in April and EUR 36.7mn in May, with the price marking a visible contraction.

The average price of electricity delivered under contracts signed in the past on the future market PCCB decreased also to EUR 46.2 per MWh from above EUR 50 per MWh in the first months of the year. The price is not particularly low for the history of PCCB – but this is not necessarily relevant since large contracts at low prices signed under obscure circumstances by Hidroelectrica in the past have pushed down the average PCCB prices for a long period of time.

The volume of electricity delivered in June 2013 under PCCB contracts reached the historic maximum of 1.69TWh, up from 1.53TWh in May and 0.6TWh in June 2012.

  1. Future contracts [PCCB] 2. Day-ahead contracts  
  Volume Price Volume Price Mkt share market
  MWh EUR/MWh MWh EUR/MWh % MWh
2007 6,507,638 51.3 5,043,193 49.9 9.3%            54,040,598
2008 8,612,019 47.0 5,207,616 52.4 9.4%            55,162,919
2009 11,320,968 45.0 6,346,571 36.7 12.5%            50,882,769
2010 4,088,250 39.0 8,696,191 37.1 16.6%            52,398,920
2011 4,659,945 41.1 8,869,600 52.1 16.2%            54,623,297
2012 7,872,825 49.0 10,718,236 50.2 19.9%            53,884,402
Jan-13 1,034,032 52.6 1,193,196 43.5 24.1%              4,951,021
Feb-13 1,070,302 51.7 1,020,658 36.4 23.0%              4,433,787
Mar-13 1,426,778 50.9 1,223,281 31.8 26.4%              4,640,673
Apr-13 1,541,117 48.5 1,423,872 34.5 34.2%              4,158,506
May-13 1,534,098 48.2 1,239,353 29.6 32.1%              3,862,117
Jun-13 1,685,790 46.2 1,282,242 26.2 32.2%              3,980,883
Source: OPCOM ; future contracts refer to past contract delivered in reference month  
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