“We hope this new product will be operational as of January 1, 2014,” Ion Lungu told Mediafax. “The new platform will fill in a blank created by the Law no. 123, which stipulates all energy trading must be conducted via OPCOM.”
OTC or off-exchange trading is done directly between two parties and the price and the quantity exchange are not necessarily made public.
Founded in 2000, OPCOM is controlled by state-run power grid operator Transelectrica (TEL.RO). The exchange operates several trading platforms, the most popular one being the day-ahead market.