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Key strategic role Transelectrica is the Romanian Transmission and System Operator (TSO) with a key strategic role in the Romanian electricity market. It manages and operates the electricity power system and transmission grid, providing transmission services for electricity transactions among Central and South Eastern countries, as a member of UCTE (Union for Coordination of Transmission of Electricity) and ETSO (Association of European Transmission and System Operators). Stable and reliable Transelectrica ensures the stable and reliable operation of the Romanian Power System (RPS) stability and reliability and is responsible for electricity transmission services, power system and wholesale electricity market operation, electricity transmission grid and market infrastructure development. It guarantees a regulated third party access to the Romanian electricity transmission network under transparent, non-discriminatory and fair conditions to all market participants, while also serving as the physical main link between electricity supply and demand, making continuously the balancing to match in real time power generation with demand. Licenses Transelectrica operates according to the Electricity Law and the secondary legislation: the Transmission and System Operator Licenses, Electricity Transmission Grid Code, Electricity Wholesale Market Commercial Code, Commercial Code and the Metering Code. Shareholders - The Romanian state through the Ministry of Economy and Finance holds 73.7% of Transelectrica's share capital - Co Proprietatea Fund holds 13.5% of its share capital - Other shareholders own 12.8% of the share capital floating on the Bucharest Stock Exchange. Mission - To ensure the Romanian power system reliable and stable operation, - To provide national electricity market infrastructure - To secure a regulated access to the Romanian electricity transmission grid under transparent, non- discriminatory and fair conditions to all market participants. Vision To become the technical and operational authority of the Romanian power system and the key-transmission operator in South-East Europe, while operating the national transmission grid interconnected to UCTE and providing electricity wheeling to the regional and European internal electricity market Main objectives • to make its own services competitive by reducing the associated costs • to obtain adequate operational revenues, reflecting the current business risks • to increase the company’s financial soundness • to keep on improving its ratings for internal and external financial debts Transelectrica’s main strategic objective is turning the traditional transmission grid into a smart, market oriented grid. |
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Contact: MARIA MUREA Office@transelectrica.ro www.transelectrica.ro |
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