(Bucharest, 15 May, 2019)
OPCOM will make available to the Romanian Intraday Market Participants a new local trading solution to access the Single Intraday Coupling
Romanian Gas and Electricity Market Operator “OPCOM” SA is pleased to inform stakeholders and media about their new access offering for the Intraday market.
OPCOM will start providing the Romanian Intraday Market Participants with continuous trading services based on M7 Trading technology developed by Deutsche Börse AG and experience they proved in the field of energy trading services. M7 Trading solution offers full connectivity to XBID solution.
In its quality as Nominated Electricity Market Operator through the Decision No. 2515/14.12.2015 of the President of ANRE, according to the Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management, OPCOM has been operating the Romanian Intraday market in continuous trading since January 2014 and committed to join the Cross-Border Intraday initiative (XBID Project) in the 2nd wave to go-live at a date to be publicly announced by XBID Project parties in the upcoming period.
Victor Ionescu, CEO of OPCOM says: “I am confident that this cooperation in intraday trading field will serve the Market participants’ needs and will increase the opportunities for them to trade locally and cross-border once the Romanian Intraday market will be connected to XBID and OPCOM will become operational within SIDC, which enables continuous cross-border trading across Europe. We will keep market participants informed about the development and implementation of this project.”
Representative of DBAG says:
“We are happy to support OPCOM in expanding its Trading Business. With the help of the M7-Trading product - our trading system for intraday power trading markets, OPCOM will be part of the connected European power market and also benefits from various other functionalities provided by M7. We are looking forward to intensify our relationship.” said Antoine Viguès, Director Energy IT at Deutsche Börse AG.
OPCOM is the Romanian Electricity and Gas Market Operator. Since 2000, OPCOM has been committed to strengthen a marketplace where energy and environmental certificates are traded in conditions of transparency and integrity. Today, the trading portfolio offered by OPCOM ranges from electricity products to gas products, as well as green certificates. More than 900 companies are using the products available for trading on short-term electricity, gas and green certificates markets as well as on term markets for electricity, gas and green certificates bilateral contracts. In addition to this role, OPCOM is responsible for settlement of the transactions concluded on short-term energy markets, Balancing Market as well as the Imbalances of the Balancing Responsible Parties. OPCOM also manages the Green Certificates Register. Today, OPCOM is acting as Registered Reporting Mechanism under REMIT for more than 460 companies active on its electricity and gas markets. OPCOM was designated by the Romanian Energy Regulatory Authority as Nominated Electricity Market Operator (NEMO) in accordance with the Regulation (EU) 2015/1222 for fulfilling tasks related to the coupling of the day-ahead and intraday markets.
OPCOM applies the Quality Management System complying with ISO 9001 - SR EN ISO 9001, respectively the Information Security Management System complying with ISO/IEC 27001 - SR EN ISO/IEC 27001, both systems being certified by Lloyd's Register LRQA.
For more information about OPCOM, please visit us at www.opcom.ro.
PRESS RELEASE 15.5.2019
For more information, please contact OPCOM S.A.
Victor IONESCU, CEO,
telephone +4 021 3071 450
fax +4 021 3071 400