Electricity Reform in Romania

Oana Diaconu, Gheorghe Oprescu and Russell Pittman
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Oana Diaconu: Department of Economics and Management, Polytechnic University of Bucharest
Gheorghe Oprescu: Department of Economics and Management, Polytechnic University of Bucharest

No 2008-11, Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) from Centre for Competition Policy, University of East Anglia, Norwich, UK.

Abstract: Romania is a net exporter of electricity to the SE Europe region. Its performance of this role will increase in importance with a) the completion of another nuclear generator and b) improvement in capacity for international transmission. Romania has committed itself to an electricity restructuring plan that includes vertical separation, but plans remain uncertain regarding the horizontal restructuring of generation. Among the more important issues yet to be decided are a) how hydro capacity will be allocated – it has more than ¼ of capacity and enjoys low costs – and b) how many thermal generation enterprises will be created, and with what assets. With more than ½ of the thermal capacity accounted for by CHP plants and with a winter demand peak for the foreseeable future, there is a real danger of inflexibility and a lack of competitiveness in a liberalised wholesale electricity market.

Keywords: electricity industry restructuring; electricity reform; electricity market; competitiveness; liberalisation (search for similar items in EconPapers)
JEL-codes: L94 Q40 Q48 (search for similar items in EconPapers)
Date: 2008-10-01
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Citations: View citations in EconPapers (3)

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Journal Article: Electricity reform in Romania (2009)
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