Secondary regulation prices on Romanian Balancing Market. A comparation between actual wholsale electricity commercial code and proposed (under discussion) wholsale electricity commercial code

Abstract

Romanian Balancing Market is enforced since July 2005 when Romanian Operator Transmission and System (CN TRANSELECTRICA SA) begun the activity as Balancing Market Operator. Since then, the Romanian Balancing Market was based on the Wholesale Electricity Commercial Code which was published in 2004. After some years of activity and operation of Balancing Market, the Romanian Regulatory Authority proposed a new Wholesale Electricity Commercial Code which is under discussion since 2007. The new Commercial Code proposes some modification especially on the Settlement chapters. The present paper proposes to compare the resulting prices on Secondary Regulation.