| © ICIS HEREN - Romania and Bulgaria mull power market integration |
| 2010-11-30 |
| Romania and Bulgaria have signed a memorandum of understanding (MoU) paving the way for the coupling of the two countries’ power markets. Bulgaria has been mulling the possibility of setting up its own Day-ahead power exchange or link up with Romania’s Opcom bourse. However, the countries are now considering integrating their markets – a move that could bring liquidity not only to Bulgarian trading floors, but also to Romanian ones. Bulgaria operates a system of regulated prices, which means that most transactions are carried out under power purchase agreements. Bucharest and Sofia are also researching the possibility of building joint hydropower plants on the Danube (see EDEM 6 September 2010). (THE ICIS HEREN REPORTS - EDCM 14.332 / 30 November 2010) |
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