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1 earning every day-ahead your trust stepping forward to the future opcom Romanian gas and electricity market operator Opcom MONTHLY MARKET REPORT APRIL 218

2 Day-Ahead Market - il 218 Number of registered participants on Day Ahead Market: 378 Number of active market participants [participants/month]: 317 Average number of active market participants [participants/day]: 295 Average price (arithmetic mean) [EUR/MWh]: 26.4 Average price (weighted mean) [EUR/MWh]: Total traded volume [MWh]: 1,82,29.4 Average traded volume [MWh/h]: 2,52.8 DAM share of net forecasted consumption [%]: Value [mil. EUR]: Period Total Traded Volume [MWh] Average Traded Volume [MWh/h] DAM Share [%] Average Price [EUR/MWh] Value of Transactions [EUR] il 217 2,29,55.7 3, % ,227,66.41 il 218 1,82,29.4 2, % ,219, Variation % % -19.4% % % Period Total Traded Volume [MWh] Average Traded Volume [MWh/h] DAM Share [%] Average Price [EUR/MWh] Value of Transactions [EUR] March 218 2,141, , % ,2, il 218 1,82,29.4 2, % ,219, Variation % % +5.72% -22.2% % Intraday Market - il 218 Number of registered participants on IDM: 127 Number of active market participants [participants/month]: 56 Average price (weighted mean) [EUR/MWh]: Total traded volume [MWh]: 15, Average traded volume [MWh/h]: Value [mil. EUR]:.2 Centralized Market for Bilateral Contracts - il 218 Extended Auctions Mechanism CMBC - EA Number of registered participants on CMBC-EA: 31 Number of active market participants [participants/month]: 43 Bilateral Contracts Traded in il: Number of Traded Offers: 37 Traded electricity volume [MWh]: 1,124, Average price (weighted mean) [EUR/MWh]: 4.58 Value [mil. EUR]: Bilateral Contracts with Delivery in il: Number: 487 Electricity Volume [MWh]: 1,992,652.8 Market Share out of the estimated consumption [%]: Average price (weighted mean) [EUR/MWh]: Value [mil. EUR]: ROMANIAN GAS AND ELECTRICITY MARKET OPERATOR 1

3 Continuous Negotiation mechanism Number of registered participants on CMBC-CN: 174 Number of active market participants [participants/month]: 48 Standard Contracts traded in il: Number of forward contracts: 632 Traded electricity volume [MWh]: 1,753,622 Average price (weighted mean) [EUR/MWh]: Value [mil. EUR]: Standard Contracts with Delivery in il: Number of forward contracts: 1,476 Electricity Volume [MWh]: 991,848 Market Share out of the estimated consumption [%]: Average price (weighted mean) [EUR/MWh]: 4.56 Value [mil. EUR]: 4.23 Centralized Market with double continuous negotiation for Electricity Bilateral Contracts - il 218 Number of registered participants on CM-OTC: 95 Number of active market participants [participants/month]: 51 Bilateral Contracts Traded in il: Number of market participants with concluded trades [participants/month]: 45 Average price (weighted mean) [EUR/MWh]: Total traded volume [MWh]: 4,474,815 Value [mil. EUR]: Bilateral Contracts with Delivery in il: Number of market participants with concluded trades [participants/month]: 58 Average price (weighted mean) [EUR/MWh]: 36.3 Total traded volume [MWh]: 2,555,52 Market Share out of the estimated consumption [%]: 6.1 Value [mil. EUR]: 92.7 Centralized Market for Universal Service il 218 Number of registered participants on CMUS: 29 Number of active market participants [participants/month]: 14 Contracts Traded in il: Number of traded contracts: 15 Total traded volume [MWh]: 22,8 Average price (weighted mean) [EUR/MWh]: Value [mil. EUR]:.98 Contracts with Delivery in il: Number of traded contracts: 248 Total traded volume [MWh]: 127,38 Average price (weighted mean) [EUR/MWh]: Value [mil. EUR]: 4.55 Weighted average price of the bilateral contracts concluded on CMUS and on CMBC - EA, CMBC-CN, CM-OTC, after the effective date of ANRE Order no. 39/218 1, (respectively beginning with 22 March 218), p PC, with delivery in il 218 ppc [EUR/MWh]: ANRE Order no. 39/218 approving the Methodology for establishing the calculation method and the acknowledgement conditions of the tariffs applied by commited and optional last resort suppliers to final customers ROMANIAN GAS AND ELECTRICITY MARKET OPERATOR 2

4 Green Certificates Market - il 218 Number of registered participants on Green Certificates Market: 945 Green Certificates anonymous Centralized Spot Market Number of active market participants [participants/month]: 22 Green Certificates traded in il: Number: 7,671 Average price (weighted mean) 2 [EUR/certificate]: 29.4 Green Certificates anonymous Centralized Term Market Number of active market participants [participants/month]: 94 Green Certificates traded in il: Number: 1, Average price (weighted mean) 2 [EUR/certificate]: 29.4 For more information about the Power Market results of il 218 the reader is referred to OPCOM website: 2 For the month in which the average price value by rounding the hundredth order is situated outside the traded limit values approved by ANRE, it will be applied the rounding down or up to the hundredth order taking into account the framing sense of the admissible limits. The price in Romanian currency was converted to EUR using the average exchange rate for the last month of the previous year published by National Bank of Romania (NBR). This reference exchange rate respects the provisions of the Law 22/ , with further amendments and additions ROMANIAN GAS AND ELECTRICITY MARKET OPERATOR 3

5 Day Ahead Market Prices (EUR/MWh) il 218 Base (1-24) Peak (9-2) Off-Peak (1-8 & 21-24) % % % EUR/M Wh 7 Average Price Average Price for Peak Average Price for Off-Peak Figure 1: Daily DAM price development (base, peak and off-peak) Day Ahead Market il 218 Traded Volume [MWh] Market Share [%] 1,82, % [ /MWh] 5 HU SK CZ RO Figure 2: Daily Average DAM Price Development 4MMC Coupling Results DAM Prices - 4MMC Coupling Results il 218 RO HU SK CZ Average Price [euro/mwh] Minimum Hourly Price [euro/mwh] Maximum Hourly Price [euro/mwh] Utilisation Rate of ATC for DAM 4MMC Coupling Results il 218 RO->HU HU->RO HU->SK SK->HU SK->CZ CZ->SK ATC for DAM (MW) 229, , , ,55. 1,384, ,675. DAM Cross Border Flow (MWh) 18,5.3 14, , , , ,365.5 Utilisation Rate of ATC for DAM (%) 47.31% 17.46% 13.31% 3.4% 19.83% 12.14% [MWh] RO HU SK CZ 8, 7, 6, 5, 4, 3, 2, 1, Figure 3: Daily DAM Traded Volume Development 4MMC Coupling Results ROMANIAN GAS AND ELECTRICITY MARKET OPERATOR 4

6 Centralized Market for Electricity Bilateral Contracts (CMBC-EA and CMBC-CN) Delivery Volume [MWh] Market Share [%] 2,984, % 7.19 il 218 Centralized Market with double continuous negotiation for Electricity Bilateral Contracts il 218 Delivery Volume [MWh] Market Share [%] 2,555, % 6.1 MWh 1,, 9,, 8,, 7,, 6,, 5,, 4,, 3,, 2,, 1,, Volume CMBC until dec.214 Volume DAM Volume CM OTC Volume CMBC EA Volume CMBC CN Figure 4: Monthly development for DAM transactions and deliveries according to contracts concluded on centralized market for bilateral contracts 8 EUR/MWh Price DAM Price CM OTC Price CMBC EA Price CMBC CN Figure 5: Monthly development for DAM average price and average price for deliveries according to concluded bilateral contracts Green Certificates anonymous Centralized Spot Market il 218 Number of Green Certificates Price* [EUR/certificate] 7, % 29.4 Green Certificates anonymous Centralized Term Market il 218 Number of Green Certificates 1, +1% 29.4 Price* [EUR/certificate] *The price in Romanian currency was converted to EUR using the average exchange rate for the last month of the previous year published by National Bank of Romania (NBR). This reference exchange rate respects the provisions of the Law 22/ , with further amendments and additions. ROMANIAN GAS AND ELECTRICITY MARKET OPERATOR 5

7 Opcom Bd. Hristo Botev Bucure?ti 3236 ROMÂNIA

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