Electricity on spot market – half the price against last week

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The price of electricity in Romania, on the spot market, has fallen on Monday against last week, with an average of RON 123 per MWh, consequence of the high level of wind energy production in Europe, mainly in Germany and of the low consumption due to Catholic Easter.

The domestic price is influenced by the western markets, as the spot market in Romania is connected to the ones in Hungary, Czech Republic and Slovakia, the latter two countries having large exchanges with Germany.

The energy price is thus EUR 25.88 per MWh in Romania and Hungary and is only EUR 3.98 per MWh in Czech Republic and Slovakia, with negative levels of minus EUR 6.20 in peak consumption, the OPCOM figures reveal.

One of the OPCOM officials says the negative price in Czech Republic and Slovakia means that the energy producers pay in order to remain in function, they prefer to pay instead of closing down the capacities. Instead they receive green certificates.

Due to the low energy consumption in the neighbouring Catholic countries, Romania has been on Monday electricity importer. Transelectrica informs that at 11.05h the national consumption reached 7,469 MW and the production was of 6,970, with the difference represented by imports.

 

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