OPCOM: Derivatives and Forward MarketsNote: Most documents are available in Romanian only.
Derivatives and Forward Markets
27.06.2017:
IMPORTANT: Considering the requirements for additional peak load profiles applicable on CMBC-CN, we would like to draw your attention by submitting the "
QUESTIONNAIRE regarding the additional peak load profiles that could be traded on CMBC-CN"
Participants at CMBC-CN are asked to submit the filled questionnaire to
pccb@opcom.ro latest by
14.07.2017.
We mention that the adoption of the proposed changes in the questionnaire can be achieved if 50% +1 of the active participants registered on CMBC-CN agreed with the proposals for adding each profile.
27.06.2017:
Considering the fact that from the total of 177 participants registered on CMBC-CN on the publication date of the questionnaire proposing amendments to the standard contract applicable on CMBC-CN, were received 59 responses, representing 33,33% of the total participants registered on CMBC-CN and 101,72% of the number of active participants on CMBC-CN at the date the questionnaire was published, these changes will be included in the
standard contract applicable on CMBC-CN and will be effective to contracts signed starting with 01/07/2017.
The responses received were centralized as follows:
article |
agreement |
refusal |
abstention |
15 (1) |
55 |
2 |
2 |
15 (2)+(3) |
34 |
2 |
23 |
15 (4) |
46 |
9 |
4 |
15 (5)+(6) |
34 |
1 |
24 |
15 (7)- new |
46 |
6 |
7 |
15 (7)- new |
51 |
6 |
2 |
15 (8)- new |
48 |
9 |
2 |
16 (1) |
53 |
5 |
1 |
16 (2)+(3) |
34 |
1 |
24 |
16 (4) |
43 |
10 |
6 |
16 (5)+(6) |
35 |
1 |
23 |
16 (7)- new |
46 |
5 |
8 |
16 (7)- new |
49 |
7 |
3 |
16 (8) |
49 |
6 |
4 |
Technical Group Members for 1 February 2011 - 31 January 2012
Following the interest expressed by the 34 members of the centralized markets for bilateral contracts and in order to ensure an optimal conducting of the meetings of the Technical Group for the Development of the Financial Market for electricity, between 1 February 2011 and 31 January 2012, S.C. OPCOM S.A. has decided the selection of 19 participants, with respect to the Regulation concerning the organizing and functioning of the Technical Group for the Development of the Financial Market for electricity. We would like to thank everyone who expressed their interest in this Technical Group, as well as the Technical Group members, who attended the meetings in the previous period, for the activity they performed.
The Members of this Technical Group are:
- Regia Autonoma pentru Activitati Nucleare
- SC AMV Style SRL
- SC Arelco Distributie SRL
- SC Complexul Energetic Craiova SA
- SC Complexul Energetic Rovinari SA
- SC Complexul Energetic Turceni SA
- SC CEZ Trade Romania SRL
- SC EGL Gas&Power Romania SA
- SC Elcomex EN SRL
- SC Electrica SA
- SC Electromagnetica SA
- SC Enel Energie SA
- SC Energy Holding SRL
- SC GDF Suez Energy Trading Romania SRL
- SC GEN-I Bucharest - Electricity Trading and Sales SRL
- SC Hidroelectrica SA
- SC OET Obedineni Energiini Targovtsi OOD Bulgaria, Sucursala Bucuresti
- SC Repower Vanzari Romania SRL
- SN Nuclearelectrica SA
The permanent guests of the Technical Group for the Development of the Financial Market for electricity meetings are:
ANRE
AFEER
IRE
Technical Group Members for 1 January 2010 - 31 January 2011
Following the interest expressed by the 28 members of the centralized markets for bilateral contracts and in order to ensure an optimal conducting of the meetings of the Technical Group for the Development of the Financial Market for electricity, between 1 January 2010 and 31 January 2011, S.C. OPCOM S.A. has decided the selection of 16 participants, with respect to the Regulation concerning the organizing and functioning of the Technical Group for the Development of the Financial Market for electricity. We would like to thank everyone who expressed their interest in this Technical Group, as well as the Technical Group members, who attended the meetings in the previous period, for the activity they performed.
The Members of this Technical Group are:
- Regia Autonoma pentru Activitati Nucleare
- SC AMV Style SRL
- SC Complexul Energetic Craiova SA
- SC Complexul Energetic Rovinari SA
- SC Complexul Energetic Turceni SA
- SC Edison Trading Spa Milano - Sucursala Bucuresti
- SC EGL Gas&Power Romania SA
- SC Elcomex En SRL
- SC Electrabel Romania SRL
- SC Electrica SA
- SC ENEL Trade Romania SRL
- SC Energy Holding SRL
- SC Hidroelectrica SA
- SC Petprod SRL
- SC Tinmar Ind SA
- SN Nuclearelectrica SA
The permanent guests of the Technical Group for the Development of the Financial Market for electricity meetings are:
ANRE
AFEER
IRE
REGULATION concerning the organization and functioning of the Technical Group for the Development of the Financial Market for electricity
20 December 2010Meeting of the Technical Group for the Development of the Financial Market for electricity
- The Technical Group for the Development of the Financial Market for electricity meeting minutes
The Members of the Technical Group between 1 January 2008 and 31 January 2009 are
- S.C. COMPLEXUL ENERGETIC CRAIOVA S.A.
- S.C. COMPLEXUL ENERGETIC ROVINARI S.A.
- S.C. COMPLEXUL ENERGETIC TURCENI S.A.
- S.C. ENEL Energie S.A.
- S.C. EGL GAS & POWER ROMANIA S.A.
- S.C. ELECTRICA S.A.
- S.C. ELECTROCENTRALE DEVA S.A.
- S.C. ELECTROCENTRALE GALATI S.A.
- S.C. ENERGY HOLDING S.R.L
- S.C. ENEX S.R.L
- S.C. ENNET GROUP SRL
- S.C. E.ON Moldova Furnizare S.A.
- S.C. CEZ Vanzare S.A.
- S.C. Filiala de Distributie si Furnizare Energie Electrica “ELECTRICA MUNTENIA NORD” S.A.
- S.C. HIDROELECTRICA S.A.
- S.C. NUCLEARELECTRICA S.A.
- S.C. TERMOELECTRICA S.A.
- Asociatia Nationala a Furnizorilor de Energie Electrica (ANFEE)
- Asociatia Furnizorilor de Energie Electrica din Romania (AFEER)
REGULATION concerning the organization and functioning of the Technical Group for the Development of the Financial Market for electricity
Within the Regulation Committee, S.C. OPCOM S.A. has submitted to ANRE for approval the standard contract for selling/ buying electricity in the exact form agreed by the members of the Technical Group and finalized on 19 August 2009.
12 August 2009With respect to the Technical Group meeting minute of 9 July 2009, the form of the contract, agreed during this meeting, was sent to all the members of the Group for making final comments in order to determine the final form which will be sent to ANRE for approval.
- The standard contract for selling/ buying electricity, modified as to include the final comments received from the members of the Technical Group between 9 July and 6 August 2009
9 July 2009Meeting of the Technical Group for the Development of the Financial Market for electricityThe debate on the content of the standard contract for selling/ buying electricity has continued during this meeting:
- The Technical Group for the Development of the Financial Market for electricity meeting minutes
- The standard contract for selling/ buying electricity, in the form which resulted at the end of this meeting
NOTE: According to the meeting minutes, the form which resulted at the end of this meeting shall be sent sent to all the members of the Group and the final form of the contract shall be agreed by e-mail.
11 June 2009Meeting of the Technical Group for the Development of the Financial Market for electricity The debate on the content of the standard contract for selling/ buying electricity has continued during this meeting:
- The Technical Group for the Development of the Financial Market for electricity meeting minutes
14 May 2009Meeting of the Technical Group for the Development of the Financial Market for electricity The debate on the content of the standard contract for selling/ buying electricity has continued during this meeting:
- The Technical Group for the Development of the Financial Market for electricity meeting minutes
9 April 2009
Meeting of the Technical Group for the Development of the Financial Market for electricity
During this meeting, the content of the standard contract for selling/ buying electricity has was brought into debate:
- The Technical Group for the Development of the Financial Market for electricity meeting minutes
19 March 2009
Meeting of the Technical Group for the Development of the Financial Market for electricity
During this meeting, the content of the standard contract for selling/ buying electricity was brought into debate:
- The Technical Group for the Development of the Financial Market for electricity meeting minutes
11 February 2009
Meeting of the Technical Group for the Development of the Financial Market for electricity
During this meeting, the content of the standard contract for selling/ buying electricity was brought into debate:
- The Technical Group for the Development of the Financial Market for electricity meeting minutes
22 January 2009
Meeting of the Technical Group for the Development of the Financial Market for electricity
During this meeting, the content of the standard contract for selling/ buying electricity was brought into debate.
The documents resulting from the discussions held during the Technical Group are:
- The Technical Group for the Development of the Financial Market for electricity meeting minutes
- The standard contract proposed by AFEER
16 December 2008
Meeting of the Technical Group for the Development of the Financial Market for electricity
During this meeting, AFEER?s proposal for implementing a standard contract on the centralized markets for bilateral contracts was brought into discussion.
The documents resulting from the discussions held during the Technical Group were:
- The Technical Group for the Development of the Financial Market for electricity meeting minutes
- The standard contract proposed by AFEER
15 May 2008
Meeting of the Technical Group for the Development of the Financial Market for electricity
The documents presented/discussed during the meeting were:
- Proposals for the modification of the Operational Procedure for the CMBC functioning
- Proposals for the modification of the procedure for the CMBC-CN functioning
- The framework contract applicable to the trades concluded on the CMBC-CN
- 4Proposal for the modification of the Regulation concerning the functioning of the Technical Group
The documents resulting from the discussions held during the Technical Group were
- The Technical Group for the Development of the Financial Market for electricity meeting minutes
- Proposal for the 5th Revision of the Operational Procedure for the CMBC functioning
- Proposal for the 1st Revision of the Operational Procedure for the CMBC-CN functioning
- Regulation concerning the functioning of the Technical Group for the Development of the Financial Market for electricity
18 October 2007
Meeting of the Technical Group for the Development of the Financial Market for electricity
Informative document on the indexes for peak and off-peak periods and
Meeting minutes
12 December 2006
Letter of the Technical Group for the Development of the Financial Market for electricity concerning the support of the implementation of the Centralized Market for Forward Contracts for electricity with physical delivery Document
September 2006
DISCUSSION DOCUMENT ? Financial Market
OPERATIONAL PROCEDURE FOR THE FUNCTIONING OF THE CENTRALIZED MARKET FOR FORWARD CONTRACTS FOR ELECTRICITY
SELL/ BUY CONTRACT FOR ELECTRICITY ON THE CENTRALIZED MARKET FOR FORWARD CONTRACTS FOR ELECTRICITY
19, 20 January 2006
OMX Seminar - Financial Market
The Financial Market for electricity - introductive presentation
16 November 2005
WORKSHOP
Workshop agenda
Bibliography on the functioning of a Financial Market for electricity
Operational Procedure
Functioning Regulation
24 August 2005
WORKSHOP