The average closing price of the day-ahead market (DAM, PZU) increased in July by about 50%, expressed in euro, compared to the previous month and by 48.4% compared to July of the previous year, according to the monthly report of the stock exchange operator, OPCOM, consulted by Energynomics.

Thus, against the background of a volume of transactions higher by 25.7% and a value higher by 110.55%, the price of electricity reached the value of 721.7 lei (145 euro) per MWh, by 50.73% higher, expressed in lei, compared to July 2023, and 48.32% higher, expressed in lei, compared to June 2024.

The DAM market share increased in July 2024 by 19%, to 38.6% of the forecasted net consumption, compared to July 2023, and by 15% compared to June 2024.

Also in the intraday market, where the market share is only 3.4%, there were price increases of 43% compared to July 2023, and 44% compared to June 2024.

On the market of bilateral contracts (PCCB-LE-Flex), which has a share of 16.5%, 26 transactions were registered in July, worth almost 110 million euros, at an average price of 106.7 euros/ MWh (546.7 lei).

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.