Romania, EC Oltenia sold electricity for 2023 for over 200 euros per MWh

, SEE Energy News

On April 11, the Oltenia energy complex put eight packages of electricity on sale in the market for bilateral contracts of the OPCOM stock exchange, PCCB-LE Flex, for delivery in 2023.

The coal-based electricity producer offered four packages of 10 MW and four packages of peak energy of 5 MW, or a total of 60 MW with delivery from January 1 to December 31, 2023.

As in previous auctions, EC Oltenia demanded 900 levs (182 euros) per MWh. It managed to sell total quantities at prices ranging over 200 euros per MWh.

The customers were big suppliers. Tinmar Energy won four 5 MW packages and two 10 MW packages, and E.On Energie won two 10 MW packages. Prices ranged between 200.5 euros, as much as Tinmar paid, and 205.4 euros per MWh, as much as E.On paid.

At a previous auction on the same platform held on April 1, EC Oltenia also offered 60 MW for delivery in 2023, divided into six packages and sold total quantities at prices ranging between 185 and 196 euros per MWh.

In the first quarter of 2023, the company should pay an additional tax of 80% for transactions at prices exceeding 450 levs (91 euros) per MWh. However, since CO2 costs are deducted from the tax base, the amount of tax will not be very large.

EC Oltenia is one of the largest state-controlled electricity producers in Romania, with an installed capacity of about 3,000 MW in four lignite-fired power plants.

Although a restructuring plan has been approved that envisions a gradual withdrawal of most coal-fired groups, the company could soon increase its production by an additional 300 MW of coal in the context of the energy crisis.


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