Daniel Ioan DUMITRESCU PhD (danidumitrescu@yahoo.com)
Diana Valentina Soare DUMITRESCU PhD (dianavalentinadumitrescu@yahoo.com)
Abstract
Bursele de energie, reprezinta institutii de interes strategic la nivel national si mai nou regional. Conform ultimelor politici, Uniunea Europeana in ansamblu sau trebuie sa dispuna de strategii, instrumente si institutii care sa permita asigurarea securitatii energetice a intregii uniuni, mai ales in perioade de criza, cand cererea de energie depaseste in unele zone oferta disponibila. In acest sens, existenta unor institutii bursiere solide care sa permita tranzactionarea, in conditii de profesionalism si transparenta, a energiei electrice si a gazelor naturale, devine o conditie esentiala pentru orice economie dezvoltata ce doreste sa faca parte din Uniunea Europeana. Prezentul studiu analizeaza activitatea Bursei Romane de Marfuri pe diferitele sale ringuri de tranzactionare, evidentiind evolutia tranzactiilor din ultimii ani in domeniul energetic, argumentand astfel pozitia acestei institutii ca lider pe piata bursiera energetica a Romaniei.
Cuvinte cheie: bursa, energie, piata spot, instrumente derivate, forward, futures
Clasificarea JEL: E44, G15
SOME SIGNIFICANT ASPECT OF THE EVOLUTION OF ELECTRICITY AND NATURAL GAS EXCHANGES IN ROMANIA
Abstract
Energy exchanges are institutions of strategic interest at national and regional level. According to the latest policies, the European Union as a whole needs to have strategies, instruments and institutions to ensure the energy security of the whole union, especially in times of crisis, when energy demand exceeds the available supply in some areas. In this respect, the existence of strong stock exchange institutions that allow the trading of electricity and natural gas in professional and transparent conditions becomes an essential condition for any developed economy wishing to join the European Union. The present study analyzes the activity of the Romanian Commodities Exchange on its various trading rings, highlighting the evolution of the energy market in recent years, thus arguing the position of this institution as a leader on the Romanian stock market.
Keywords: stock exchange, energy, spot market, derivatives, forward, futures
JEL Classification: E44, G15
