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HOW WE CAN RESTORE THE BALANCE IN THE ROMANIAN ENERGY MARKET (International Conference "Recent Advances in Economic and Social Research", 13-14 mai 2015, București)

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  • Alina Cristea

    (PhD Candidate, Academy of Economic Studies)

Abstract

National Power System is a complex system that includes a number of subsystems with different structures and components. With market power relations between subsystems SEN is performed on a commercial basis. Units of the system must create information systems and specific research in order to follow the dynamic environment by adopting specific strategies trends and evolution. The introduction of competition in the production and distribution of electricity requires a rethinking of business activity in the energy system units. Claims liberalized energy market participants flexible behavior imposed by the existence of competition and the need to adapt to all the changes that occur constantly. Market mechanism should introduce competitive pressure from increasingly large on companies in the sector, directly or through contracts and tariffs. In a competitive environment the producers will have to reduce their costs given that the installed capacity exceeds consumer demand. Energy suppliers are obliged to diversify their services and will be encouraged to find the most appropriate level of security in energy supply. Entering the competition implies responsiveness to consumers

Suggested Citation

  • Alina Cristea, 2015. "HOW WE CAN RESTORE THE BALANCE IN THE ROMANIAN ENERGY MARKET (International Conference "Recent Advances in Economic and Social Research", 13-14 mai 2015, București)," Institute for Economic Forecasting Conference Proceedings 151201, Institute for Economic Forecasting.
  • Handle: RePEc:rjr:wpconf:151201
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    References listed on IDEAS

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    More about this item

    Keywords

    mathematical model; balance; energy market;
    All these keywords.

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • L7 - Industrial Organization - - Industry Studies: Primary Products and Construction

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