Risk Management in the Electricity Market and the Transition to NET 0 via DLT (Blockchain Technology)

Tudor Răzvan ()
Additional contact information
Tudor Răzvan: Bucharest University of Economic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2023, vol. 17, issue 1, 139-148

Abstract: The Romanian energy market has undergone, since the beginning of 2017, a period of turmoil underlying a short-term price rise, simultaneously with the inability of some market traders to comply with the contractual liabilities to which they had committed. Overall, the end consumer was not affected, however a series of traders became insolvent, and losses were taken over by the system operator and the suppliers of last resort. This paper aims at exploring the manner how principles applied in the blockchain concept, which lately has become extremely popular due to virtual coins, particularly Bitcoin, may be useful to all participants of an OTC market. This new technology could allow the appearance of new solutions to monitor the energy source used to achieve the NET 0 objective. This article represents exclusively the author’s point of view and does not involve in any way the employer he is representing in the conference.

Keywords: OTC market; trading energy; blockchain; NET zero; energy risk management (search for similar items in EconPapers)
Date: 2023
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/picbe-2023-0016 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:17:y:2023:i:1:p:139-148:n:14

DOI: 10.2478/picbe-2023-0016

Access Statistics for this article

Proceedings of the International Conference on Business Excellence is currently edited by Alina Mihaela Dima

More articles in Proceedings of the International Conference on Business Excellence from Sciendo
Bibliographic data for series maintained by Peter Golla ().