Reward for reducing energy consumption - Romanian Regulatory Authority: New mechanism brings an additional resource to the market
The Romanian Energy Regulatory Authority (ANRE) said it has adopted a market mechanism to pay eligible consumers for temporary and voluntary reductions in electricity use, either directly or through suppliers and aggregators.
"The new mechanism brings an additional resource to the energy market: consumption flexibility. Thus, during certain intervals, a consumer can decide that it is more economically efficient to temporarily reduce consumption and benefit from this flexibility in the market," ANRE said.
Under the mechanism, the electricity grid operator Transelectrica determines how much electricity use needs to be reduced and holds an auction. Eligible customers, suppliers, or aggregators who voluntarily participate can submit bids, specifying how much electricity they can save and at what price. Transelectrica then selects the most favorable bids until the demand is met. Metering data will be used to determine the actual reduction in consumption, and customers who meet their commitment will be paid based on the results of the auction.
ANRE stressed that this mechanism is not intended only for crisis situations and that it does not imply consumption rationing, as participation is entirely voluntary and is based on the needs of consumers themselves and the economic conditions of the market. However, the mechanism can help manage challenging periods for the National Energy System, including electricity shortages, extreme temperatures, outages and import capacity restrictions, the regulator said.
Romania is facing severe power shortages due to historically low water levels on the Danube caused by drought. Last week, the operator of the Cernavoda nuclear power plant, Nuclearelectrica, shut down Unit 2 due to low water levels, after Unit 1 was shut down in July for the same reason. The plant’s two units, each with an installed capacity of 700 MW, generate roughly a fifth of the country’s electricity production.
Earlier this month, Romania's government approved a plan to address electricity shortages in situations such as earthquakes, wars, pandemics and droughts, with an option to limit consumption for industrial consumers connected to the national grid.
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