CEZ Romania - Petroleumclub.ro
CEZ Romania - Petroleumclub.ro
CEZ Romania - Petroleumclub.ro
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Local envi<strong>ro</strong>nment• evolving f<strong>ro</strong>m a centralized state owned to a liberalized competitive one• track history th<strong>ro</strong>ugh transparent and organized market place for a betterrisk management• spot market and marketplace for trading bilateral contracts• the generation sector is not yet acting as a competitive one (there are nohete<strong>ro</strong>geneous interests)• sources oriented structure – no competition• there are balanced resources• legal and regulation framework – better aligned to EU practice6