Study on electricity markets in Romania

Abstract

In this paper, we detail about the components of the wholesale electricity market in Romania: Market for Bilateral Contracts (Central Market with continuous double negotiation of bilateral electric energy contracts (CM - OTC), Centralized Market for bilateral electric energy contracts), Day-Ahead Market (DAM), Inter-Daily Market (IM), Balancing Market (BM), Centralized Market for universal service (CMUS). In addition, for each type of market we generated diagrams with the main business processes