OPCOM: OTC_Prezentare_EN
CM-OTC - About

Presentation of centralized forward markets for electricity



Characteristics of the offers
Offers include the following standard elements:

Offers for base load (00:00 – 24:00 CET)
Offers for peak load (From Monday to Friday from 06:00 – 22:00 CET)
Offers for off-peak load (From Monday to Friday from 00:00 – 06:00 CET and 22:00 – 24:00 CET and from Saturday to Sunday from 00:00 – 24:00 CET);

1 year
1 half-year
1 quarter
1 month
1 week
1 weekend
1 day

The CM-OTC participants entering their selling/buying offers into the trading system in accordance with daily trading program. Participants can enter/modify, suspend/activate and/or cancel the selling/buying offers and view all offers in the market during the whole stage. If offers are introduced in the trading system by eligible partners and satisfy compatibility condition – the higher buying price, at least equal to the selling price, respectively lower selling price, at least equal with the buying price are automatically traded in real time. If offers are introduced in the trading system by non-eligible partners and satisfy compatibility condition, the market operator withdraw orders in order to implement activities described in operational procedures regarding the trading mechanism.
Sequence of activities