Services and operational activities for energy producers

The Day-Ahead-Market in Romania, managed by OPCOM, is a crucial segment of the electric energy market, facilitating electric energy transactions for delivery on the following day. This mechanism allows participants, from producers to consumers and traders, to buy and sell electric energy in a transparent and competitive environment, based on demand and supply. Read more

Forecasting the production of a renewable energy asset, whether it be a photovoltaic park or a wind project, is a complex and essential process for planning and optimizing operations. This process involves using forecasted weather data, such as wind speed for wind turbines or solar radiation levels for photovoltaic parks, to estimate the hourly electric production associated. Read more

The hourly balancing of renewable energy production means the process for maintaining stability and efficiency in the energy system. Due to the variable nature of renewable sources, such as solar and wind energy, there are often imbalances between the actual energy production and the production forecasts set for the same hourly interval. These imbalances can be both positive, when the actual production exceeds the forecast, and negative, when production is below the forecasted level. Read more

The Intraday Energy Market represents a dynamic segment of the energy market, providing a platform where participants can buy and sell energy on the same day. This allows for rapid adjustments of energy transactions to meet immediate needs, being crucial for managing production and consumption variations that were not anticipated in the previous day’s transactions. Read more

The forward electricity markets with standardized products are segments of the energy market that offer participants the opportunity to enter into contracts for the buying and selling of electric energy at a set price, for delivery in the future. These markets allow producers, consumers, and energy traders to manage price risk and plan their budgets over the long term, offering stability and predictability. Read more

A Power Purchase Agreement (PPA) represents a long-term contracting method for the energy produced by renewable energy sources (RES) producers. These agreements establish the terms and conditions for buying electric energy between a producer and a buyer – which can be an energy supplier, a large end consumer, or an entity committed to sustainability – for an extended period, often spanning several years. Read more

Corporate Power Purchase Agreements are an innovative and increasingly popular method through which companies can directly purchase electricity from renewable energy source (RES) producers. These agreements create a direct link between green energy producers and corporate consumers, allowing companies to meet their energy needs sustainably and to actively contribute to the transition towards a green economy. Read more

A Virtual Power Purchase Agreement represents a strategic financial understanding between a consumer (usually a corporation or a governmental entity) and a renewable energy producer, aimed at fixing the energy price at a certain level for a determined period. This agreement structure allows both parties to benefit from price security and the advantages of partnering in promoting and supporting the culture of green energy production, regardless of the market mechanisms through which the energy is physically transferred. Read more

Ancillary services or more commonly known as “System technological services” represent an set of functions designed to ensure the safe, stable, and efficient operation of the national electrical grid. These services are crucial for maintaining the balance between electricity demand and supply in real-time, managing voltage and frequency variations, and ensuring the operational reserve necessary to handle unexpected incidents or significant fluctuations in production or consumption. Read more

A Virtual Power Plant represents an integrated network of renewable energy production units that are collectively operated through advanced software platforms to optimize electricity production and distribution. This approach allows for the aggregation of dispersed production capacities, such as photovoltaic parks, wind turbines, and other renewable energy sources, treating them as a single operational production entity. Read more

The services of monitoring, dispatching, and remote control play a significant role in the operational optimization and efficiency of renewable energy production units, controllable consumers, as well as energy storage systems. These services enable centralized and real-time management of operations, ensuring an efficient integration of these resources into the energy system, improving the security of energy supply, and contributing to the flexibility and stability of the network. Read more