“Electricity trading will be conducted on the competitive market in a transparent, public, centralized and nondiscriminatory manner,” the document noted.
Romanian lower house earlier Thursday adopted the new energy Law, which deregulates the local energy and natural gas market. The document will be sent to the head of state for promulgation.
Previously, energy producers were free to choose whether to sell their electricity on the local exchange OPCOM. However, following a scandal regarding the low price of the energy sold outside OPCOM and at the urge of European Commission, the authorities in Bucharest decided to compel producers to trade electricity exclusively via OPCOM.
Additionally, end-consumers cannot buy electricity at regulated prices once they have opted to negotiate their own price on OPCOM, according to the new energy Law.