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The Electricity Market Changes In Romania After The 2007 Liberalization

Author

Listed:
  • Alina Steluţa CRISTEA

    (Academia de Studii Economice Bucureşti)

Abstract

In Romania the electricity market is totally opening in 2007 and by 1 July 2014 all transactions must be made only on the competitive market. This paper wants to do the analysis period following the liberalization of a recent period to highlight the changes that have occurred in the market. I used a general equilibrium model of the market which apply to the electricity market in Romania to calculate various indicators such as the amount of electricity and the prices of energy resources and analyze them in terms of market balance. The results highlight the state of imbalance and measures are required to restore the balance in the market. In conclusion, the electricity market requires large investments in equipment and refurbishments to reduce the cost of electricity.

Suggested Citation

  • Alina Steluţa CRISTEA, 2015. "The Electricity Market Changes In Romania After The 2007 Liberalization," Management Intercultural, Romanian Foundation for Business Intelligence, Editorial Department, issue 33, pages 261-266, June.
    • Handle: RePEc:cmj:interc:y:2015:i:33:p:261-266
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    More about this item

    Keywords

    electricity market; balance; measures;
    All these keywords.

    JEL classification:

    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • L70 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - General

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