LeaderTalks in ENERGY – OVIDIU DEMETRESCU, Partner, OCD Capital& Resource: The decrease in energy consumption can reach 10 percent during the turmoil period

Analyzing the macro-economic section, according to the data provided by the national distributor Transelectrica, starting March 15, there was a decrease of energy consumption of 4.5 percent compared to the same period of 2019. Adding to this decrease the energy efficiency, leads us to an estimation of a total decrease in the entire energy system by 10 percent during the turmoil period. If we add to these the cumulative effect of the payment of invoices’ postponement, the cash flow stress of the energy system already becomes extremely consistent. We must then ask who is financing this cash flow deficit and who will bear the burden of this financing and for how long?

But this situation also comes with opportunities. The market for green certificates fell from 25 Euro/CO2 certificate, to 15-17 Euro. Such price changes can be true oxygen vents for companies like CE Oltenia or other greenhouse gas emitters.

Another aspect is the availability of European funds and the innovation funds. For these funds, the document submission processes have not been delayed, and the deadlines are quite tight. It is now the probable time to consider the reorganization of the energy system, considering the fundamentals of this system and thus, even saving EC Oltenia through innovative solutions. Regarding the opportunities on the
market, it is good to know that there is an appetite for investments, that the M&A market continues to operate at pace and at the same time, international markets and stock exchanges have not stopped, there are dynamics that can be valuable for some players on the market.

The statements have been uttered within The Diplomat-Bucharest’s e-conference LeaderTalks in Energy held today.

The e-conference discussions focused on:

The business continuity management plan in energy

Has the current context changed the business relations of the energy producers, suppliers and consumers and how?

Impact of Govt. initiatives in the energy sector

Addressing the perspective of helping local economy and population in overcoming the financial difficulties. Assessing further different effects in the industry

Business safety and the human factor

Remote work approaches, protecting employees and the working environment, particularities in energy sector

The event benefitted from the support of Partners Electrica, MET, OCD Capital& Resource and supporting organizations and institutions Competition Council, ACUE (Federation of Associations of Energy Utility Companies), AFEER (Association of traders with electricity in Romania), ARPEE (Romanian Association for the Promotion of Energy), Romanian National Committee of CIGRE , World Energy Council and media partners Outsourcing Today, Financial Intelligence, InvestEnergy, Energy Review and Focus Energetic.

NEXT E-CONFERENCES POWERED BY THE DIPLOMAT-BUCHAREST

Stay tuned with us for the upcoming conference DIGITAL TRANSFORMATION IN ENERGY to be held online, on May 7th to find out updates on regulatory updates, Green Deal 2020, disruptive innovation in the energy sector, safety and cyber security approach, among others.

The e-conferences, powered by The Diplomat-Bucharest, are a brand new media product, designed to deliver easy and fast, directly to the core audience, the valuable insights of senior figures, experts and the most knowns specialists in the strategic industries, to discuss some of the most pressing aspects in today’s economy landscape.