The Romanian Commodities Exchange (BRM) announces the expansion of electricity trading services in Romania through the successful integration into Single Day-Ahead Coupling (SDAC) with the support of Nord Pool. BRM thus launches operations as the second Designated Electricity Market Operator (DPEO) in Romania.
As of 19 November 2024, BRM is actively contributing to the consolidation of the European day-ahead electricity market, a decisive step towards increasing the efficiency and competitiveness of energy trading especially in Romania but also in the wider Eastern Europe and Balkans region.
“It is an extraordinary achievement to see how the joint efforts of both the BRM team and our partners at Nord Pool are leading to a tangible result, which brings one more argument for the Romanian energy market to become a regional hub of reference”, said Gabriel Purice, Chairman of the Board of Directors of BRM.”The integration in the SDAC brings significant benefits for market participants, reducing trading costs and increasing liquidity, contributing to the formation of a more competitive and above all more transparent national energy market” added Gabriel Purice.
A step towards integrating European electricity markets
The integration of the BRM into the SDAC is an important milestone in the consolidation of the EU’s single electricity market. Using a common algorithm, the SDAC optimises the allocation of cross-border capacity, increasing the efficiency of transactions and maximising added value to the economic benefit of all market participants, whether generators, traders or end-users.
According to BRM, the benefits for the Romanian and regional electricity market include:
- cincreasing liquidity and competitiveness by attracting new market participants and providing the right price signals to encourage investment in modern, renewable and low-carbon generation capacity
- reducing price volatility through greater flexibility in reacting to market fluctuations
- promoting transparency in energy transactions and contributing to enhancing national energy security by developing a resilient, predictable and fair trading environment
About SDAC and BRM
The Single Day-Ahead Coupling (SDAC) brings together Europe’s wholesale electricity markets, allocating cross-border capacity efficiently and promoting the use of generation resources in a way that better meets the needs of market participants. Its objective is to create a pan-European day-ahead electricity market.
The Romanian Commodities Exchange (BRM) is the oldest commodity exchange operator in Romania, offering innovative trading solutions on national commodity markets since 1993. BRM also operates, through BRM East Energy, the natural gas trading market in the Republic of Moldova