Romanian industrial consumers buy most of their electricity at prices that move by the hour, and the swings between hours keep widening as wind and solar take a larger share of generation. Energy trader D.TRADING structures an alternative for companies that want a known price without picking a single moment to lock it.
Tranche hedging, step by step
For the local industrial client DRI, D.TRADING runs a tranche-based purchasing program for 2025 through 2030. The program fixes electricity volumes step by step instead of leaving the full load exposed to spot prices. Each tranche locks a share of future consumption at a known price, so the client spreads its purchasing decisions across time rather than concentrating them in one moment. A bad month affects one tranche, and the average of many decisions replaces the risk of one.
Timing risk keeps growing
Price volatility in the region is structural rather than episodic. Renewable generation grows across Southeast Europe, storage capacity is catching up, and market coupling ties national prices together.
„Developments in one country increasingly affect neighbouring markets. Growing battery capacity and renewable penetration across Southeast Europe will influence pricing and trading opportunities throughout the region,” said Stanislav Dudka, Head of Power Desk Europe at D.TRADING.
For an industrial buyer the practical consequence is simple: the spread between a good and a bad purchasing decision has grown, and so has the value of spreading that decision out.
Three hundred megawatts in two months
The hedging work sits inside a wider Romanian portfolio. Within two months across December 2025 and January 2026, D.TRADING signed three renewable agreements in the country: a power purchase agreement with EDP for 200 GWh of clean electricity per year, a 110 MW wind and solar offtake with Eurowind Energy, and a 200 MW solar offtake with Econergy. EDP has operated in Romania since 2008 and runs more than 570 MW of wind and solar capacity in the country.
„Romania is one of our priority markets. We see strong potential both in the country’s economy and in the continued growth of the renewables sector,” said Dudka at the ZF Power Summit 2026.
The supply setup
Across Europe the company manages 3,500 MW annually, including a renewable portfolio of around 800 MW, and trades power across more than 20 borders. As a business electricity supplier, D.TRADING contracts OTC under EFET and ISDA frameworks, offers day-ahead and forward products, and builds supply around each client’s consumption profile, from onboarding through commercial structuring to physical delivery.
The cross-border capability has a recent regional test: in the first quarter of 2025 the company delivered volumes to Moldova and replaced supplies from the Transnistrian region.
About D.TRADING: D.TRADING is a European energy trading company within DTEK Group. It trades electricity, natural gas, LNG and fuels across Central, Eastern and South-Eastern Europe and operates in 26 countries. In 2025 the company traded 12.1 TWh of power and 7.0 TWh of natural gas for more than 130 clients.
