Romania
Gas & Power Market Access
Romania Gas Market Access
What is the lead time for a Romanian gas market access?
3-5 months
What are the capital requirements to trade the Romanian gas market?
> 200.000 Euro proof of financial resources for the license + financial guarantees to the TSO and gas exchange BRM - subject to expected trading volumes
When is a licence required in Romania’s gas market?
Natural gas trading in Romania gas market requires a supply or trading licence from ANRE. ANRE issued gas trading licences up to 25 years validity although most are issued for 5 years.
What are the Romania’s gas market licence requirements for EU entities?
Entities from EU member states may operate in Romania without an ANRE licence, if they hold a valid licence in their home country, and receive ANRE’s approval for participation on the Romanian Gas market (also known as a “Confirmation Decision”)
What are the Romania’s gas market licence requirements for Non EU entities?
Non-EU entities (including from Energy Community Contracting Parties) must establish a local presence in Romania, via a branch or representative office in order to obtain a licence and must meet technical, organisational and financial conditions.
Romania Power Market Access
What is the lead time for Romanian power market access?
3-5 months
What are the minimum financial resource requirements to trade the Romanian power market?
The TSO Transelectrica states the minimum BRP financial guarantee is 1.000.000 RON (~200.000 EUR)
When is a license required in Romania’s power market?
Participation in the Romanian wholesale power market requires a License or a Confirmation Decision from ANRE.
Licensed traders must also register in ANRE’s national registry and are subject to annual contributions and potential verification of technical and organization capabilities.
The supply license can be provided for a period of maximum 10 years depending, however, there is no specification of the validity period for which ANRE grants trading licenses.
What are the Romania’s power market license requirements for EU entities?
EU entities with an existing power trading licence in another EU jurisdiction can leverage ANRE’s Licence Confirmation Procedure to have their licence recognised and be granted the right to trade in Romania’s power market (‘license passporting’).
What are Romania’s power market license requirements for non-EU entities?
Non-EU entities (including from Energy Community Contracting Parties) must establish a local presence in Romania via a branch or representative office in order to obtain a license and must meet technical, organizational, and financial conditions.
Non-EU entities must set up and maintain, for the entire duration of the trading license, a secondary headquarters in Romania—a local branch office or a local corporation (a limited liability or a joint-stock company). These entities must also demonstrate a minimum financial capacity of 200,000 euros in one of three ways:
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Own capital, based on the latest monthly trial balance;
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Available credit lines, supported by financial documents;
Loans from shareholders or associates, supported by financing contracts and proof of transfer (e.g., payment instruments, bank statements, accounting records).
Companies We Have Assisted With Romania Market Access
