THE ELECTRICITY MARKET CHANGES IN ROMANIA AFTER THE 2007 LIBERALIZATION

Alina Steluţa Cristea
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Alina Steluţa Cristea: Academia de Studii Economice Bucureşti

Management Intercultural, 2015, issue 33, 261-266

Abstract: In Romania the electricity market is totally opening in 2007 and by 1 July 2014 all transactions must be made only on the competitive market. This paper wants to do the analysis period following the liberalization of a recent period to highlight the changes that have occurred in the market. I used a general equilibrium model of the market which apply to the electricity market in Romania to calculate various indicators such as the amount of electricity and the prices of energy resources and analyze them in terms of market balance. The results highlight the state of imbalance and measures are required to restore the balance in the market. In conclusion, the electricity market requires large investments in equipment and refurbishments to reduce the cost of electricity.

Keywords: electricity market; balance; measures (search for similar items in EconPapers)
JEL-codes: C60 E20 E30 L70 (search for similar items in EconPapers)
Date: 2015
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