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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romanian commodity exchange BRM launches electricity trading platform

The Romanian Commodity Exchange (BRM) announced the launch, starting February 7, 2022, of its platform for negotiating and trading bilateral electricity supply contracts with a delivery duration greater than or equal to one month.

It adds to the OPCOM market operated by the electricity transport system operator Transelectrica.

The initiative of the Romanian Commodity Exchange to launch a trading platform takes place in the context of liberalizing the activity of operating the energy markets provided for in accordance with Regulation (EU) 2019/943 on the internal market in electricity and Directive (EU) 2019/944 on common rules for the internal market in electricity, normative acts that allow the trading of electricity on over-the-counter markets not regulated by the domain authority.

The directives were implemented by amendments brought to Law no. 123/2012 on electricity and natural gas by Emergency Ordinance no. 143/2021.

According to the BRM, long-term bilateral contracts are meant to fill a gap currently felt in the domestic electricity market. In addition, they have a decisive role in covering the risks of volatility of the price of electricity, visible in the last period of time.

"Recovering a fruitful tradition, the platform provided by BRM thus marks an expected stage, acutely necessary in the process of developing the Romanian electricity markets and aligning with the requirements of EU law," said the BRM representatives in a statement, quoted by daily Adevarul.

(Photo: Madamlead/ Dreamstime)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romanian commodity exchange BRM launches electricity trading platform

The Romanian Commodity Exchange (BRM) announced the launch, starting February 7, 2022, of its platform for negotiating and trading bilateral electricity supply contracts with a delivery duration greater than or equal to one month.

It adds to the OPCOM market operated by the electricity transport system operator Transelectrica.

The initiative of the Romanian Commodity Exchange to launch a trading platform takes place in the context of liberalizing the activity of operating the energy markets provided for in accordance with Regulation (EU) 2019/943 on the internal market in electricity and Directive (EU) 2019/944 on common rules for the internal market in electricity, normative acts that allow the trading of electricity on over-the-counter markets not regulated by the domain authority.

The directives were implemented by amendments brought to Law no. 123/2012 on electricity and natural gas by Emergency Ordinance no. 143/2021.

According to the BRM, long-term bilateral contracts are meant to fill a gap currently felt in the domestic electricity market. In addition, they have a decisive role in covering the risks of volatility of the price of electricity, visible in the last period of time.

"Recovering a fruitful tradition, the platform provided by BRM thus marks an expected stage, acutely necessary in the process of developing the Romanian electricity markets and aligning with the requirements of EU law," said the BRM representatives in a statement, quoted by daily Adevarul.

(Photo: Madamlead/ Dreamstime)

andrei@romania-insider.com

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