Transactions with electric power at RCE

At the Romanian Commodities Exchange (RCE), through the terminal from Piatra Neamt, on 29.11.2007, on the cash market, on the electric power floor, was traded a quantity of 4,200 MWh, profiled delivery (4,100 Mwh MT, 100 Mwh JT).

The buying order for the quantity of 4,200 MWh profiled delivery, in the period 01.01.2008 – 31.12.2008, was submitted by Mecanica Ceahlău SA Piatra - Neamţ. The responding sale order was submitted by Fidelis Energy SRL Iaşi.

The starting price (including transport, without excises and VAT) offered by the seller, for the quantity of 4,100 MWh MT, was of 285 Ron/MWh, and for the quantity of 100 MWh JT was of 400 Ron/MWh, and the awarding price, bided by Fidelis Energy SRL Iaşi, amounted at 282 Ron/MWh MT and, respectively 387 Ron/MWh JT.

The first electric power transactions at RCE took place on March 22, 2007 at just a month from the electric power trading floor launching. From then until the end of November c.y., RCE organized 12 procedures that amounted over 18.5 millions dollars.

RCE setted up in 1992, is a company that functions in accordance with the Law no. 357/2005 regarding the commodities exchange and manages public interest markets.