30 June, 2005, first trading day on the new OPCOM electronic system

On 30 June 2005, OPCOM launches the spot trading based on the new trading system delivered by AREVA T&D, developed under a project within the framework of the PHARE 2000 program, generously financed by the European Commission.

OPCOM’s management is expressing now its full gratitude for the contribution that the European Commission Delegation, the Implementing Authority: the Ministry of Economy and Commerce - Division for Programs developed with International Organizations, the Contracting Authority: the Ministry of Public Finance-The Central Finance and Contracts Unit, AREVA T&D as contractor, CN Transelectrica SA, the Owner Company and ANRE, the Regulatory Authority had in this process.
In order to support the trading, a comprehensive set of operational procedures was developed and implemented, including the convention with market participants. Their presence is welcomed and expected to transform OPCOM in the most powerful and reliable marketplace in the South Eastern part of Europe, recommending it as regional energy trading centre.
We are pleased to underline the full support in developing, together with CN Transelectrica SA, the works under the “Electricity Market Project”, received from the World Bank and our partners Kema Consulting BV and Nord Pool Consulting.
Last but not least, OPCOM’s management is expressing the trust and appreciation for the big effort that OPCOM’s enthusiastic staff developed during the last two years in order to prepare this event.
The new trading system is allowing the two side auction based on the bids expressing the willingness of buyers and sellers.
“We are relying on a more consistent price to be a reference for the overall electricity market” says OPCOM CEO Victor Ionescu.

Press release no 04/2005

Victor Ionescu, CEO, phone (+40 21) 30 71 450