Nuclearelectrica tried to sell energy with delivery in 2025 to Transelectrica at the old regulated price. PPC purchased all of the nuclear power auctioned on Tuesday for 2024

Nuclearelectrica, majority owned by the Romanian state, put up for sale on Tuesday 43.8 GWh with delivery in the band for the whole of next year at a price 50 lei above the regulated price of 400 lei/MWh, but failed to sell it. The only bidder was another company in which the Romanian state is a shareholder, the transport operator Transelectrica, according to data analyzed by Profit.ro.

The price offered by Transelectrica was 390 lei/MWh, 10 lei/MWh below the regulated price, which, more recently, has become optional and represents rather a price signal sent to the market, and 60 lei/MWh below the price requested by the seller.

For the current year, instead, Nucleaelectrica sold all the amount of energy put up for auction, at prices above the regulated price and to the same buyer, the Greek group PPC, which recently took over the Romanian assets of the Italian group Enel.

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Two tenders of 44.1 GWh with supply in the second half of this year were won by one of the distribution companies of the Greek group, PPC Furnizare SA, at a price of 416.54 lei/MWh. The power per settlement interval offered was 10 MW.

Two other tenders of 22.085 GWh were won by the other supply company of the Greek group, PPC Energie Muntenia SA, at a price of 414.04 lei/MWh. The power per settlement interval offered was 5 MW.

2 other companies, Electrica Furnizare SA and Energy Distribution Service SRL, participated in all the auctions that had as their object the energy put up for sale by Nuclearelectrica, but they offered prices below the one given by the Greeks.

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For its part, the Municipality of Iasi sold 3,124 GWh with supply in May at a much lower price, one fourth below the regulated one, of 295.5 lei/MWh.

In May, renewable energy production, wind and solar, is expected to be high which will put downward pressure on spot market prices.

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All auctions took place on the centralized market of bilateral electricity contracts, operated by OPCOM, whose majority shareholder is Transelectrica.