Retail Market – CO₂ Emissions Certificates Ring

In the CO₂ Emissions Certificates Ring, auctions are conducted for buying, selling, or exchange (SWAP) of EUA or CER certificates.

The accreditation file is valid for a period of one year from the date of submission and includes the following documents:

  • certificate of incorporation issued by the Trade Register Office, in original or copy, no more than 90 days prior to the submission date, or any other document attesting to the establishment of the legal entity;
  • copy of the latest financial statements;
  • copy of the Tax Registration Certificate;
  • proof of holding an account opened with the National Registry of Greenhouse Gas Emissions from any member country of the European Union;
  • power of attorney signed by the legal representative for accessing the trading platforms.

The guarantee accounts are:

  • RON: RO50 RNCB 0082 0009 9180 0641
  • EUR: RO93RNCB0082 0009 9180 0643, SWIFT RNCBROBU

The trading procedure in the greenhouse gas emissions certificates ring is Revision 13/21.06.2023 and is published on the official website of the Romanian Commodities Exchange.

Initiator Order for participation in the greenhouse gas emissions certificates ring Model I.O. – Annex 2

To participate in the trading sessions, the following Counter-Order, completed and stamped with the data mentioned in the Initiator Order, must be submitted. The Counter-Order serves to express the intention to participate in the trading sessions for a specific Initiator Order. Model C.O. – Annex 3

For the refund of the guarantee deposited into the Romanian Commodities Exchange account, please complete, sign, and submit the attached document. Guarantee Refund Request – Annex 4

The main advantages resulting from accessing the CO₂ Emissions Certificates Ring within the Spot Market refer to:

  • Competitive price – obtained in an organized framework, as a result of the direct interaction between supply and demand. Using the price negotiation mechanism within the open-outcry auction or the electronic auction provides the possibility for bidders to further improve prices compared to their initial financial offers. If the prices obtained do not fall within the proposed cap, there is the possibility to negotiate their reduction with the bidder ranked first within the same session, without the need to restart the entire procedure;
  • Reduced procedure execution time – the order is scheduled for trading within a maximum of 3 days from its issuance;
  • BRM quotations – provide the advantage of a reference system for benchmarking against market prices in transactions carried out through BRM;
  • Exchange Guarantee System – proper performance of the contract based on this system used, as well as as a result of the careful selection of bidders before they are admitted to trading;
  • Large number of bidders, due to the significant quantities traded at the overall market level;
  • Time and additional effort savings related to the sale or purchase of products;

Elimination of bureaucracy related to traditional public procurement procedures by standardizing commodities and reducing the number of required and submitted documents.

    REGISTERED PARTICIPANTS

    • AFS Execution Services
    • Aither Group
    • Belektron
    • CFP Trading
    • CM Termoenergetica
    • Complexul Energetic Oltenia
    • Complexul Energetic Valea Jiului
    • Electrocentrale Bucuresti
    • Electrocentrale Craiova
    • Emba Power
    • Global Factor Commodity
    • Holt Global Group International
    • Termoficare Oradea
    • Trafigura Environmental Solutions
    • UAT Municipiul Iasi
    • Vertis Environmental Finance
    • Vitol
    LINK TO THE TRADING PLATFORM IN THE GREENHOUSE GAS EMISSIONS CERTIFICATES RING
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