SOME SIGNIFICANT ASPECT OF THE EVOLUTION OF ELECTRICITY AND NATURAL GAS EXCHANGES IN ROMANIA
Daniel Ioan Dumitrescu and
Diana Valentina Soare Dumitrescu
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Daniel Ioan Dumitrescu: .
Diana Valentina Soare Dumitrescu: .
Romanian Statistical Review Supplement, 2017, vol. 65, issue 12, 104-116
Abstract:
Energy exchanges are institutions of strategic interest at national and regional level. According to the latest policies, the European Union as a whole needs to have strategies, instruments and institutions to ensure the energy security of the whole union, especially in times of crisis, when energy demand exceeds the available supply in some areas. In this respect, the existence of strong stock exchange institutions that allow the trading of electricity and natural gas in professional and transparent conditions becomes an essential condition for any developed economy wishing to join the European Union. The present study analyzes the activity of the Romanian Commodities Exchange on its various trading rings, highlighting the evolution of the energy market in recent years, thus arguing the position of this institution as a leader on the Romanian stock market.
Keywords: stock exchange; energy; spot market; derivatives; forward; futures (search for similar items in EconPapers)
JEL-codes: E44 G15 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:65:y:2017:i:12:p:104-116
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