Romanian electricity sector reform, market opening and challenges

The transformation of the Romanian power sector from the monopoly of a vertical integrated structure to a competitive electric market has been gradually carried out since August 2000. The relative long transition occurred considering the initial structure of the sector, the lack of market experience, the impact of these deep changes on the market participants and the economy. Electric market opening had a significant growth, from 10% in February 2000 to 33% in February 2002.