OPCOM

OPCOM (Operatorul Pieței de Energie Electrică) is the operator of the Romanian wholesale electricity market. It is a subsidiary of Transelectrica, Romania's national electricity transmission system operator, and is responsible for organising and administering the country's power trading markets in line with applicable primary and secondary legislation. The company was founded in August 2000 and is headquartered in Bucharest. OPCOM's market portfolio covers the main segments of the Romanian electricity market. These include the Day-Ahead Market (Piața pentru Ziua Următoare, PZU), the Intraday Market (Piața Intra-zilnică, PI) with continuous trading (IDCT) and intraday auctions (IDA), the Centralised Market for Bilateral Contracts (Piața Centralizată a Contractelor Bilaterale, PCCB) in its several trading modalities (PC-OTC, PCCB-LE-flex, PCCB-NC, PCCB-PC), the Greenhouse Gas Emission Certificate Trading Platform, and the Green Energy Certificate Market. Through these platforms OPCOM provides price formation, trade matching, market coupling and settlement-related services for generators, suppliers, traders and other participants. As a market operator, OPCOM publishes daily trading results, aggregate curves, block prices, interconnection capacity (ATC) data and price scale limits for each market segment. Its website is the central public interface for market participants and observers, offering announcements, results, statistics and details of transactions. The company also participates in European market coupling arrangements, as reflected in the coupling results published for the day-ahead and intraday markets. OPCOM operates as a regulated market operator within the Romanian energy sector. Its parent, Transelectrica, is the transmission system operator, and OPCOM's role is to ensure transparent, non-discriminatory and efficient electricity trading. The company's activities are central to Romania's compliance with European Union internal energy market rules, including market coupling and the trading of environmental certificates.

OPCOM was founded in August 2000 as the operator of the Romanian electricity market. It was established as a subsidiary of Transelectrica, the national electricity transmission company, which is responsible for the transmission system and which holds OPCOM as part of its group. The creation of OPCOM was part of the broader reform of the Romanian energy sector aimed at introducing competitive wholesale electricity trading in line with European Union requirements. From its foundation, OPCOM was tasked with administering the main electricity markets in Romania. These included the Day-Ahead Market (Piața pentru Ziua Următoare), the Centralised Market for Bilateral Contracts (Piața Centralizată a Contractelor Bilaterale), the Greenhouse Gas Emission Certificate Trading Platform, and the Green Energy Certificate Market. Over time the market design was expanded and refined, with the addition of intraday trading modalities such as continuous intraday trading (IDCT) and intraday auctions (IDA), and with several trading modalities for bilateral contracts, including PC-OTC, PCCB-LE-flex, PCCB-NC and PCCB-PC. During the period between 2005 and 2010, OPCOM traded a total of 433,480 green energy certificates and a total of 58.1 TWh of electricity. This period corresponds to the early years of Romania's green certificate support scheme and the development of the day-ahead market ahead of Romania's accession to the European Union in 2007 and the subsequent integration into the European internal electricity market. As a market operator, OPCOM has also been involved in European market coupling. Its website publishes coupling results for the day-ahead market (PZU) and the intraday market (PI), reflecting the integration of the Romanian market with neighbouring markets. The company also publishes interconnection capacity (ATC) data, price scale limits, aggregate curves and block prices for the various market segments. OPCOM remains a subsidiary of Transelectrica and continues to operate the Romanian power market. Its activities are governed by Romanian primary and secondary legislation and by European Union energy market rules. The company's public website serves as the main channel for market announcements, trading results, statistics and operational information for market participants.

• 2010

  End of the period 2005–2010 during which OPCOM traded a total of 433,480 green energy certificates and 58.1 TWh of electricity.

• 2005

  Start of the period 2005–2010 during which OPCOM traded a total of 433,480 green energy certificates and 58.1 TWh of electricity.

• 2000

  OPCOM is founded in August 2000 as the Romanian power market operator, a subsidiary of Transelectrica.

Regulated operator of the Romanian wholesale electricity market and related environmental certificate markets, a subsidiary of the national transmission system operator Transelectrica.

• Day-Ahead Market (Piața pentru Ziua Următoare, PZU)

  The day-ahead electricity market operated by OPCOM, with published results, price scale limits, available interconnection capacity (ATC), market coupling results, block prices and aggregate curves.

• Intraday Market (Piața Intra-zilnică, PI)

  The intraday electricity market operated by OPCOM, including continuous trading (IDCT) and intraday auctions (IDA), with published coupling results, traded blocks and price scale limits.

• Centralised Market for Bilateral Contracts (Piața Centralizată a Contractelor Bilaterale, PCCB)

  The centralised market for bilateral electricity contracts, with trading modalities including PC-OTC, PCCB-LE-flex, PCCB-NC and PCCB-PC, and with published daily results, statistics and contract information.

• Greenhouse Gas Emission Certificate Trading Platform

  The platform operated by OPCOM for trading greenhouse gas emission certificates.

• Green Energy Certificate Market (Piața Certificatelor Verzi)

  The market operated by OPCOM for trading green energy certificates; between 2005 and 2010 a total of 433,480 green energy certificates were traded.

1. 1OPCOM official websiteopcom.ro
2. 2Wikidata: Romanian Power Marketwikidata.org
3. 3Wikipedia (Greek): OPCOMel.wikipedia.org