RO
EN
Regulations Applicable to Electricity Markets
REGULATION
CODE OF CONDUCT
PARTICIPATION AGREEMENT
BANKING DOCUMENTS
- Unified authorization template v1.2 of 2026-03-01 | Empowerment template v1.2 from 01.03.2026
- Required Documents for the Wholesale Electricity Market
- Affiliated member collaboration agreement | Affiliated member collaboration agreement (EN)
- Request for deposit-return of guarantees ver. 4 from 25.10.2023 | Request for deposit return of guarantees ver. 4 from 25.10.2023
- RCE SGB endorsed by another bank (RO) | RCE SGB endorsed by another bank (EN)
- RCE SGB issued by BCR on behalf of clients (RO) |RCE SGB issued by BCR on behalf of clients (EN)
- Addendum_SGB_(RO) | EN: Addendum_SGB_(EN)
FEES | COMMISSIONS
- Fees and Commissions DAM – valid – 01.04.2026-31.06.2026
- Fees and Commissions IDM – valid – 01.04.2026-31.06.2026
- Fees and Commissions Centralized Electricity Forward Market – CCP
- Fees and Commissions – Centralized Electricity Forward – CCP – Market
- Banking commissions
- FEES – API SERVICES
- Trayport user fees
PUBLIC CONSULTATIONS
During the period 18.05.2026 – 27.05.2026, we are submitting for public consultation:
We kindly request that any comments be sent to office@brm.ro.
Thank you!
Between 26.05.2026 and 04.06.2026, we are submitting the following documents for public consultation:
Please send any comments or observations to: office@brm.ro.
Thank you!
PUBLIC CONSULTATIONS ARCHIVE
During the period 12.12.2025 – 29.12.2025, we are submitting for public consultation:
- Standard contract for the electricity forward market – Solar Profile – under public consultation
- Non-standardized products procedure – under public consultation
We kindly request that any comments be sent to office@brm.ro.
Thank you!
During the period 08.08.2025 – 22.08.2025, we are submitting for public consultation:
- Electricity trading procedure – public consultation
- Standard contract for the RCE electricity forward market – public consultation
We kindly request that any comments be sent to office@brm.ro.
Thank you!
During the period 09.09.2025 – 19.09.2025, we are submitting for public consultation:
We kindly request that any comments be sent to office@brm.ro.
Thank you!
During the period 17.07.2025 – 30.07.2025, we are submitting for public consultation:
- Electricity trading procedure_17.07.2025_under consultation
- Instruction 4 – Determination of Initial Margin Values for Electricity_under consultation
- Market maker framework agreement under consultation
We kindly request that any comments be sent to office@brm.ro.
Thank you!
During the period 16.07.2025 – 28.07.2025, we are submitting for public consultation
- Procedure for the Intraday Electricity Market in Compliance with the Price Coupling Mechanism_rev_15.07.2025 under consultation
- Clearing Procedure for the Romanian Commodities Exchange Intraday Electricity Market as Central Counterparty under consultation_IDA_15.07.2025
We kindly request that any comments be sent to office@brm.ro.
Thank you!
During the period 30.10.2024 – 12.11.2024, we are submitting for public consultation
- RCE Regulation on clearing, settlement and risk management – Electricity
- Clearing Member Agreement – Electricity
- Instruction 1 – Regarding guarantees for covering financial risks – Electricity
- Instruction 2 – Establishing the Daily Schedule – Electricity
- Instruction 3 – Establishing fees and commissions for services – Electricity
- Instruction 4 – Determination of Initial Margin Values – Electricity
- Instruction 5 – Determination of Physical Delivery Margin Values – Electricity
- Instruction 6 – Regarding elements of the Daily Account Structure and reports provided by RCE to CM – Electricity
- Instruction 7 – Determination of Daily Settlement Price – Electricity
We kindly request that any comments be sent to office@brm.ro.
Thank you!
During the period 04.10.2024 – 25.10.2024, we are submitting for public consultation
- RCE_DAM Procedure
- Clearing Procedure for the Romanian Commodities Exchange Day-Ahead Electricity Market as Central Counterparty
We kindly request that any comments be sent to office@brm.ro.
Thank you!
During the period 12.06.2024 – 28.06.2024, we are submitting for public consultation
We kindly request that any comments be sent to office@brm.ro.
Thank you!
During the period 28.06.2024 – 10.07.2024, we are submitting for public consultation
Participation agreement for the energy markets administered by RCE
Participation agreement for the energy markets administered by RCE (EN)
We kindly request that any comments be sent to office@brm.ro.
Thank you!
During the period 18.04.2024 – 30.04.2024, we are submitting for public consultation
- Participation agreement for the energy markets administered by RCE
- Participation Convention for the Energy Markets Administered by RCE
We kindly request that any comments be sent to office@brm.ro.
Thank you!
During the period 10.04.2024 – 24.04.2024, we are submitting for public consultation
- Clearing Procedure for the Romanian Commodities Exchange S.A. Intraday Electricity Market as Central Counterparty
- Procedure for the Intraday Electricity Market in Compliance with the Price Coupling Mechanism
- Counterparty agreement
- Special conditions applicable to DAM and IDM
We kindly request that any comments be sent to office@brm.ro.
Thank you!
During the period 21.12.2023 – 10.01.2024, we are submitting for public consultation
We kindly request that any comments be sent to office@brm.ro.
Thank you!
Following the public consultation held during the period 21.09.2023 – 06.10.2023, on the topic “Participation agreement for the energy markets administered by RCE”, we are attaching the summary of comments.
Summary of comments – Participation agreement
During the period 21.09.2023 – 06.10.2023, we are submitting for public consultation
We kindly request that any comments be sent to office@brm.ro.
Thank you!
Primary Legislation
- Law no. 123/2012 on electricity and natural gas
- Emergency Ordinance no. 27/2022 on measures applicable to end customers in the electricity and natural gas market during the period April 1, 2022 – March 31, 2023, as well as for amending and supplementing certain normative acts in the energy sector
- Emergency Ordinance no. 192/2022 for amending and supplementing Government Emergency Ordinance no. 27/2022 on measures applicable to end customers in the electricity and natural gas market during the period April 1, 2022 – March 31, 2023, as well as for amending and supplementing certain normative acts in the energy sector
- Emergency Ordinance no. 153/2022 for amending and supplementing Government Emergency Ordinance no. 27/2022 on measures applicable to end customers in the electricity and natural gas market during the period April 1, 2022 – March 31, 2023, as well as for amending and supplementing certain normative acts in the energy sector and amending Government Emergency Ordinance no. 119/2022 for amending and supplementing Government Emergency Ordinance no. 27/2022 on measures applicable to end customers in the electricity and natural gas market during the period April 1, 2022 – March 31, 2023, as well as for amending and supplementing certain normative acts in the energy sector
- Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency (REMIT)
- Commission Implementing Regulation (EU) No 1348/2014 on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency
- Commission Regulation (EU) 2015/1222 establishing guidelines on capacity allocation and congestion management
NRA Regulation
Natural Gas
- Order no. 95/2021 for the approval of the Regulation on the organized framework for trading standardized products on the centralized natural gas markets administered by the Romanian Commodities Exchange – S.A.
- Order no. 144/2020 on the obligation of natural gas market participants to offer on centralized markets
- Order no. 143/2020 on the obligation to offer natural gas on centralized markets for natural gas producers whose annual production in the previous year exceeds 3,000,000 MWh
- Order no. 105/2018 for the approval of the General Rules on centralized natural gas markets
- Order no. 16/2013 – Network Code for the natural gas transmission system
- Approval Decision no. 1755/2023 for amending the Annex to ANRE President’s Decision no. 1397/2018 on the Centralized List of tradable products within the short-term standardized products market, the medium and long-term standardized products market, the medium and long-term flexible products market, and the medium and long-term standardized derivative products market
Electricity
- Order no. 134/2022 for the approval of the General Rules on organized electricity forward markets
- Order no. 65/2022 for the approval of the Regulation on the organized framework for electricity contracting by large end customers
- Order no. 213/2020 for the approval of the Regulation on the calculation and settlement of imbalances of balance responsible parties – single imbalance price and for amending certain ANRE orders
- Order no. 20/2004 for the approval of the Technical Code of the Electricity Transmission Network
Common provisions for electricity and natural gas
- Order no. 13/2022 for the approval of the Procedure on establishing and individualizing contravention sanctions related to turnover, by the ANRE Regulatory Committee, following investigation actions
- Order no. 25/2017 on the approval of the Regulation for organizing and conducting investigation activities in the energy sector regarding the functioning of the wholesale energy market
Derivatives
- European Regulation No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR)
- Law no. 126/2018 on markets in financial instruments, which ensures the transposition of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II)
- Annex III to REMIT Transaction Reporting User Manual (TRUM) – Reporting of contracts for energy derivatives under REMIT and EMIR (ver. 2.1)
ELECTRICITY DAM
ELECTRICITY IDM-NC & IDM-IDA
ELECTRICITY FORWARD
ELECTRICITY FORWARD CCP
ELECTRICITY OTC
GUARANTEES OF ORIGIN
ELECTRICITY – SOLAR PROFILE
CORRECTIVE MEASURES
NRA DECISIONS
- Decision no. 112 from 24.01.2024 – Agreement on more than one Designated Electricity Market Operator for the Romanian bidding zone
- Decision 883 from 15.05.2024 on establishing the method of transferring net positions resulting from cross-border capacity allocation between the Romanian bidding zone and other bidding zones, in the single coupling of intraday electricity markets
CACM REGULATIONS
Useful documents and links
- 2020 Algorithm Methodologies (.zip file)
- 2017 All NEMOs’ proposal for the back-up methodology
- 2017 All NEMOs’ proposal for the MCO Plan
- 2020 ACER’s decision on intraday products
- 2020 All NEMOs’ proposal for products that can be taken into account by NEMOs in single day-ahead process
- 2023 ACER Harmonised maximum and minimum clearing prices for single intraday coupling in accordance with CACM Regulation
- 2023 ACER Harmonised maximum and minimum clearing prices for single day-ahead coupling in accordance with CACM Regulation
- All ACER decisions
CORRESPONDENCE WITH THE MINISTRY OF ENERGY
Communications
11.05.2026
Modification of the Harmonised Minimum Clearing Price for Day-Ahead (SDAC) – Modification of the Harmonised Minimum Clearing Price for Day-Ahead (SDAC). – [LINK]
12.09.2025
Products with 15-minute intervals will be available on the day-ahead electricity market.
We inform you that all preparatory stages for introducing the 15-minute trading interval within the Single Day-Ahead Coupling (SDAC) have been successfully completed. Implementation is scheduled to begin with the trading day of September 30, 2025, for delivery on October 1, 2025.
The full text of the joint communication can be accessed on the NEMO Committee websites [LINK] and ENTSO-E [LINK].
