Contemporany Electricity Market

Marcean Dana-Elena (), Brãiloiu Liviu and Caraman Tania
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Marcean Dana-Elena: Dunarea de Jos University of Galati

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 455-458

Abstract: In economic terms, electricity is a product that can be bought, sold or traded. Therefore, this product may give rise to a market. In the context of global economy, electric energy market had specific different features for its development, these situations being also found in the European Union. Regardless of these aspect, the Union tends to uniformity; the shape of energy markets desirable needs to achieve full transparency, following the example of stock exchange markets. Wholesale trading of electricity is carried out by an independent entity specifically and exclusively constituted for this purpose, entity referred to as "market operator". Specific to this type of market is that the operator must have extensive knowledge not only of commerce, but also technical knowledge specific to this field, in order to properly balance the potential market with the absorption capacity.

Keywords: market; energy; transaction (search for similar items in EconPapers)
JEL-codes: F15 L22 L81 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:455-458

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