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RCS & RDS lost its auctions to buy electricity from its own companies

Three companies that own photovoltaic parks, controlled by the telecommunications operator, have put up for sale energy that the parent even wanted to buy. He was unsuccessful because someone created a better price.

Delalina SRL, a company owned by RCS & RDS, has launched an offer to sell electricity from 608 MWh with a power of 1 MW for peak power supply from May 8 to June 30 at a price of 295 lei / MWh The parent group, RCS & RDS, started a buyout, responding to Delalina, but did not win the contract. The power was granted to Nova Power & Gas SRL, which offered 302 lei, since the RCS & RDS offered a price identical to that demanded by Delalina, 295 lei.

The transaction was carried out at OPCOM, the central bidding bidding

The situation was repeated in two other auctions, in which the telecommunications giant could not buy the electricity it sold on the platform, not even its own companies.

On the same day, another company controlled by the group, Energiafoto SRL, put up for sale the power for the same period, but a larger amount, 2,432 MWh, all the energy peak, but with a power of more than 4 MW, at the same price, 295 lei. RCS also made an offer at this price, but Nova Power & Gas SRL also won, with a higher price. The transaction ended at the price of 303 lei.

Another company controlled by RCS & RDS, Novitas Electro, sold the same energy in the same period from May 8 to June 30. The sale price was the same, 295 lei / MWh, for the peak interval (06-22), and the quantity offered was 1,216 MWh, that is, 2 MW of energy per hour for this range. The situation was identical to the one above: parent company RCS & RDS submitted a response offer attempting to buy the same price, but the same Nova Power & Gas SRL came with a higher price and the transaction ended at the price of 302 lei.

The three companies controlled by RCS & RDS operate photovoltaic parks and could not sell energy through direct contracts because at least some of them have installed capacity of more than 3 MW, in which case all transactions must be made on the stock exchange.

Nova Power & Gas SRL is a supplier in Cluj, controlled by a German company, Wind Emea Gmbh.

RCS & RDS needed power for its own consumption of the communications networks it operates, being by far the country's largest fixed-line carrier or its Digi Energy power supply to its end customers. The company had 106 thousand customers at the end of last year, mainly domestic customers.

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