Hidroelectrica gets 105 mln lei from two bids on OPCOM

Hidroelectrica concluded 29 contracts for the sale of some 615.7 GWh, following bids on OPCOM (the Centralized Market of Bilateral Contracts) held on April 3 and 4, respectively, for an average price of 163.3 lei/MWh, consequently, the total value of those contracts comes to some 105 million lei. According to an informing of the hydropower producer, the energy sold is divided in multiple packs of 5, 10 and 55 MWh and as per the corresponding contracts that are for constant electricity deliveries at constant power (or band delivery), the established delivery terms range from one week to eight months.

In the near future, Hidroelectrica will reach a definitive version of the eligibility criterion and the EFET (the European Federation of Energy Traders) draft contract which will enable the company to trade electricity on the new OPCOM’s platform, OTC, operational since the beginning of the past month. Main characteristics of this platform are the direct negotiation between energy producers and buyers based on contracts previously agreed (however, the bidders find out who is the seller only after concluding a transaction), also, transactions details can be accessed by all bidders and the purchased energy is immediately available.

On March, 18, Hidroelectrica sold on OPCOM 71.2 GWh to Fidelis Energy, the price being 188.95 lei/MWh, electricity worth about 13.5 million lei. For the current year, the company budgeted a production of 13.9 TWh, 95 percent of this estimated electricity production being already contracted.