The POCB is managed by the Energy Market Operator (OREM) in cooperation with Romania’s Electricity and Natural Gas Market Operator (OPCOM). The market complements the ‘day-ahead’ and intraday markets by introducing a tool for concluding purchase and sale contracts.
Generators, suppliers and other eligible participants may buy or sell electricity prior to the delivery period on the basis of contracts concluded through auctions. The process is conducted in a transparent, competitive and non-discriminatory manner, based on uniform rules for all participants.
During auctions, participants may submit joint bids, propose price adjustments and respond to published bids in accordance with the rules and deadlines set for each session. The first preliminary purchase offer was published on the official OREM website in the section dedicated to announcements and offers for the preliminary conclusion of electricity purchase and sale contracts (Announcements and Offers for the Preliminary Conclusion of Electricity Purchase and Sale Contracts).
To participate in the trading, interested companies must register with OREM. The necessary forms and documents are available on the opem.md website.
The preliminary conclusion of contracts enables participants to plan their electricity purchases and sales more effectively, forecast costs and revenues more accurately, and reduce their exposure to price fluctuations. Thus, the launch of the preliminary conclusion of electricity purchase and sale contracts broadens the range of mechanisms available for trading electricity on the wholesale market of the Republic of Moldova.
This story was translated with the assistance of artificial intelligence.
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