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Contemporany Electricity Market

Author

Listed:
  • Marcean Dana-Elena

    (Dunarea de Jos University of Galati)

  • Brãiloiu Liviu
  • Caraman Tania

Abstract

In economic terms, electricity is a product that can be bought, sold or traded. Therefore, this product may give rise to a market. In the context of global economy, electric energy market had specific different features for its development, these situations being also found in the European Union. Regardless of these aspect, the Union tends to uniformity; the shape of energy markets desirable needs to achieve full transparency, following the example of stock exchange markets. Wholesale trading of electricity is carried out by an independent entity specifically and exclusively constituted for this purpose, entity referred to as "market operator". Specific to this type of market is that the operator must have extensive knowledge not only of commerce, but also technical knowledge specific to this field, in order to properly balance the potential market with the absorption capacity.

Suggested Citation

  • Marcean Dana-Elena & Brãiloiu Liviu & Caraman Tania, 2012. "Contemporany Electricity Market," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 455-458, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:455-458
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    More about this item

    Keywords

    market; energy; transaction;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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