Analysis of the wholesale energy market price in Romania and its impact on the end customer

The Romanian energy market is a specific one through the lack of predictability on medium and long term. As any other free market, the price on retail and wholesale markets is based on supply and demand. However, the price even for this calendar year varies for the end customer based on the time of purchase, how the price is warranted and the consumption structure. Investors and businesses for which the energy costs are significant have a real problem in Romania to budget these costs every year. This paper aims by analyzing a relevant wholesale market to statistically identify the right moment for these end customers to purchase the energy and under what circumstances the purchase price is guaranted.