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- W14620996 abstract "In this paper, the authors tried to present a synthesis over the developments carried out across Romania's energy market in the last decade and also to foresee the movements which will take place in the future.Our study presents the structure of the wholesale electricity market at a glance but also the retail market, and in addition is analyzing the concentration indicators in the Romanian energy market.Another aspect pointed out in this paper is the price evolution on the wholesale electricity market compared to the prices appeared on Energy Exchange Austria (EXXA).The study appreciates as major challenge the establishment of new legal entities in the energy sector by merging the existing ones and ensure them on the one hand profitability, and on the other hand the necessary financing sources.The authors believe that currently in Romania there is not a balanced mixed of energy production capacities: hydro, gas, liquid, solid and nuclear but only separated spreading in more than 15-20 companies, which in final leads the Romanian state to be an unsecured and inefficient energy provider on a long term basis. Still the solution approached by the authors of this study is to merge the existing companies in one, two or maximum three companies, to ensure them a private management, to identify and guarantee the necessary financing sources.On the opposite, the authors believe that if the Romanian state could not manage to do this in a certain and short period of time (1 year), then they should move toward on the direction and privatize these companies operating in the energy sector, privatization through either strategic investors or by listing shares to internal and external stock exchange.Looking back to the Romanian energy sector, the basic stone in this pyramid was put just and perfect years ago, but now the authors appreciate that a decision should take place in 2011: real restructuring of the Romanian energy sector or privatization of it, otherwise, the chaos might take place in the consumers' life leading to real delays in the development of Romania.In final, the authors are summarizing in seven conclusions, in fact, the essence of this paper, that Romania still owns natural resources and if, a decision is not take fast: either to apply an accelerate restructuring process of the energy sector or to privatize these wealthy companies, then the next ten years are compromised. In fact, the purpose should be to have an efficient energy strategy, predictable, sustainable and enhanced in the European Union boundaries." @default.
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- W14620996 date "2011-02-23" @default.
- W14620996 modified "2023-09-24" @default.
- W14620996 title "Romania's energy market. challenges and mergers" @default.
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