The following information was submitted:
Transactions: INTERNATIONAL JOURNAL of ENERGY
Transactions ID Number: 20-557
Full Name: BRADEAN E
Position: Ph.D. Candidate
Age: ON
Sex: Male
Address: Str. Grigore Alexandrescu, no. 9, Electrica SA, Bucharest
Country: ROMANIA
Tel:
Tel prefix:
Fax:
E-mail address: eugen.bradean@electrica.ro
Other E-mails: eugen_bradean@yahoo.com
Title of the Paper: Romania Energy Market Challenges and Mergers
Authors as they appear in the Paper: Bradean E Vintila G
Email addresses of all the authors: eugen.bradean@electrica.ro,eugen_bradean@yahoo.com
Number of paper pages: 8
Abstract: In this paper, the authors present a comprehensive study over the developments carried out across Romania's energy market in the last decade and also identify the correct actions which should take place in the future. This study presents the structure of the wholesale electricity market at a glance but also the retail market, and in addition is analyzing the concentration indicators in the Romanian energy market. Another aspect pointed out in this paper is the price evolution on the wholesale electricity market compared to the prices appeared on Energy Exchange Austria (EXXA). The study appreciates as major challenge the establishment of new legal entities in the energy sector by merging the existing ones and ensure them on the one hand profitability, and on the other hand the necessary financing sources. The authors believe that currently in Romania there is not a balanced mixed of energy production capacities: hydro, gas, liquid, solid and nuclear but only "separ!
ated" spreading in more than 15-20 companies, which in final leads the Romanian state to be an unsecured and inefficient energy provider on a long term basis. Still the solution approached by the authors of this study is to merge the existing companies in one, two or maximum three companies, to ensure them a private management, to identify and guarantee the necessary financing sources. On the opposite, the authors believe that if the Romanian state could not manage to do this in certain and short period of time (1-2 years), then they should move toward on the direction and privatize these companies operating in the energy sector, privatization through either strategic investors or by listing shares to internal and external stock exchange. Looking back to the Romanian energy sector, the basic stone in this pyramid was put just and perfect years ago, but now the authors appreciate that a decision should take place in 201-20121: real restructuring of the Romanian energy sec!
tor or privatization of it, otherwise, the chaos might take place in t
he consumers' life leading to real delays in the development of Romania. In final, the authors are summarizing in seven conclusions, in fact, the essence of this paper, that Romania still owns natural resources and if, a decision is not take fast: either to apply an accelerate restructuring process of the energy sector or to privatize these wealthy companies, then the next ten years are compromised. In fact, the purpose should be to have an efficient energy strategy, predictable, sustainable and enhanced in the European Union boundaries.
Keywords: European Union, Privatizations, Proposals, Romania energy market
EXTENSION of the file: .doc
Special (Invited) Session: Romania Energy Market. Challenges and Mergers
Organizer of the Session: 650-307
How Did you learn about congress:
IP ADDRESS: 81.12.212.227
