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Electricity prices on the spot market up by 80pc against early January, hit new record on Friday

The price of electricity on the OPCOM spot market has reached Friday morning at 9:00h a new record high of RON 550 (EUR 122) per MWh, by 80% higher than the price recorded in the first days of the year , according to data on the OPCOM website.

Moreover, prices will remain above RON 500 per MWh throughout Friday until 20:00h, capital.ro reports.

Prices in Romania are equal to those on the Hungarian stock market all day on Friday and by 20%-30% higher than in the Czech Republic and Slovakia.

For example, at 9:00h, the prices in Romania and Hungary were EUR 122.28 per MWh, while the Czech Republic and Slovakia were EUR 94.26 per MWh. At 10:00h, the price in Romania and Hungary was EUR 120.10 per MWh, while in the Czech Republic and Slovakia EUR 88.57 MWh.

At 12:00h supplied electricity price in Romania and Hungary was of EUR 115.61 per MWh, while the Czech and Slovak markets it was trading at EUR 80.53 per MWh.

The previous record on the marlet was reached on Thursday when prices reached RON 500 per MWh between 15:00h and 21:00h.

Romania is going through a period of frost that lasts for two weeks which has increased energy consumption to over 9,000 MW, with a maximum of 9.730 MW recorded Tuesday, January 10.

Friday’s price on the spot market is by 80% higher than before the frost, when prices were around RON 300 per MWh.

Friday at 11:10h the energy consumption countrywide was of 8,922 MW, production amounted to 9,940 MW and 1,018 MW were being exported, according to Transelectrica.

 

About Valeriu Lazar