General Manager of the Romanian electricity exchange OPCOM Victor Ionescu said at the Parliamentary hearing that the electricity market was not manipulated and there were no participants trying to manipulate the market despite the evolution of energy prices since the beginning of this year.
Ionescu stressed that there were few exceptions, hourly intervals and exceptional days in late January and early February, in which prices were not correlated with those on the other 19 European markets. But, on these exceptional days, the prices were also correlated with those on the Balkan markets and other markets in the region. Obviously there were some participants during this period that were testing the limits of regulations. He concluded that in light of these events, the regulatory framework needs to be reworked.
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Tags: electricity, electricity market, investigation, OMV Petrom, OPCOM, Romania