Bulgaria-Romania day-ahead market coupling project ready for go-live on Oct 27
Romanian power grid operator Transelectrica said on Monday that the Bulgaria-Romania day-ahead market coupling project is ready for go-live on October 27, following successful completion of all testing activities.
The first electricity delivery day is planned for October 28, Transelectrica said in a press release.
Bulgaria-Romania market project consists of the Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) of Bulgaria and Romania, namely IBEX, OPCOM, ESO and Transelectrica.
The project aims to connect the two countries' border in the European Single Day-Ahead Market Coupling (SDAC). This will allow implicit allocation of the cross-zonal transmission capacity and the electrical energy, Transelectrica added.
The IBEX, established in 2014, holds a ten-year licence from the State Energy and Water Regulatory Commission for organizing a Power Exchange for electricity in Bulgaria.
OPCOM's main goal is the administration of Romania's electricity market by providing continuous, orderly, efficient, equitable and transparent transactions and commercial contracts fulfillment under regulation.
The Electricity System Operator (ESO) was set up in 2007 and is a one hundred percent subsidiary of state-owned Bulgarian Energy Holding.
Transelectrica is Romania's sole electricity transmission and system operating company and is 59% owned by the state
Its shares were trading 0.79% higher at 25.6 lei ($6 /5 euro) on the Bucharest Stock Exchange, BVB, on Monday, at 1400CET.