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HOW WE CAN RESTORE THE BALANCE IN THE ROMANIAN ENERGY MARKET (International Conference "Recent Advances in Economic and Social Research", 13-14 mai 2015, București)

Alina Cristea ()
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Alina Cristea: PhD Candidate, Academy of Economic Studies

Institute for Economic Forecasting Conference Proceedings from Institute for Economic Forecasting

Abstract: National Power System is a complex system that includes a number of subsystems with different structures and components. With market power relations between subsystems SEN is performed on a commercial basis. Units of the system must create information systems and specific research in order to follow the dynamic environment by adopting specific strategies trends and evolution. The introduction of competition in the production and distribution of electricity requires a rethinking of business activity in the energy system units. Claims liberalized energy market participants flexible behavior imposed by the existence of competition and the need to adapt to all the changes that occur constantly. Market mechanism should introduce competitive pressure from increasingly large on companies in the sector, directly or through contracts and tariffs. In a competitive environment the producers will have to reduce their costs given that the installed capacity exceeds consumer demand. Energy suppliers are obliged to diversify their services and will be encouraged to find the most appropriate level of security in energy supply. Entering the competition implies responsiveness to consumers

Keywords: mathematical model; balance; energy market (search for similar items in EconPapers)
JEL-codes: C6 E2 E3 L7 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2015-12
New Economics Papers: this item is included in nep-ene, nep-mac and nep-mkt
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