IMPLEMENTATION OF OTC TRADING PLATFORM MANAGED BY OPCOM

Introduction

With the enactment of Energy and Gas Law no. 123/2012 (“Law 123/2012″), electricity trading must now abide by trading principles provided for in Law 123/2012, namely:
(i) transparent; (ii) public; (iii) centralized; and (iv) non-discriminatory.

These provisions also forbid privately negotiated PPA’s outside the centralized electricity market, since these arguably do not com ply with all the trading principles imposed by Law 123/2012.

As a result, the industry is facing more difficult times in adhering to the new requirements, especially because electricity trading requires negotiations among the parties, beyond those possibilities offered by the current OPCOM products.

To this end, the industry has sought to find alternative electricity trading platforms that will meet the requirements of the Law 123/2012, but which will also entitle the participants in the electricity market to negotiate the contracts before the actual trading takes place.

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