Applicable Regulations for the Natural Gas Markets

• Regulament gaze naturale BRM cu modificarile aprobate prin Ordin ANRE-11-2026
• Regulation on the organized trading framework for standardized products on centralized natural gas markets administered by RCE
• MO – Partea I 406_2026_BRM_extras_pag_1, 5-8

BRM Code of Conduct Procedure – 01.10.2022
Market conduct procedure BRM – 01.10.2022

• Participation Agreement for the energy markets operated by the Romanian Commodities Exchange S.A. – ver. 2.3
• Participation Agreement for the Energy Markets Operated by the Romanian Commodities Exchange S.A. – ver. 2.3

1. Banks participating in the SEPA direct debit scheme
   Banks participating in the direct debit scheme
2. Guarantee deposit/return request, ver. 4 of 25.10.2023
   Request for deposit return of guarantees vers. 4 from 25.10.2023
3. Unified power of attorney template v1.2 of 01.03.2026 | Empowerment template v1.2 from 01.03.2026
4. BRM SGB advised by another bank (RO) | BRM SGB advised by another bank (EN)
5. BRM SGB issued by BCR to the order of clients (RO) |BRM SGB issued by BCR to the order of clients (EN)
6. Addendum_SGB (RO) | EN: Addendum_SGB (EN)

1. Banking fees | Banking Fees
2. Tariffs and Fees for the Centralized Natural Gas Market, valid starting from 2026-01-01
   
3. Other tariffs applied by BRM for the services provided to participants under the PARTICIPATION AGREEMENT for the administered energy markets
4. Instruction 3 – Setting the service tariffs
5. TARIFFS – API SERVICES
6. Trayport user fees

În perioada 20.03.2026 – 06.04.2026, supunem consultării publice următorul document:

01. Regulament BRM de compensare decontare si gestionare a riscului – consultare publica 20.03.2026

Avem rugămintea ca eventualele observații să le trimiteți la adresa office@brm.ro.

Vă mulțumim!

În perioada 12.12.2025 – 29.12.2025, supunem consultării publice următorul document:

Procedura de tranzactionare a produselor pe termen scurt – SPOT – in consultare publica

Avem rugămintea ca eventualele observații să le trimiteți la adresa office@brm.ro.

Vă mulțumim!

În perioada 25.07.2025 – 15.08.2025, supunem consultării publice următorul document:

• Procedura de tranzactionare a produselor pe termen scurt SPOT – in consultare

Avem rugămintea ca eventualele observații să le trimiteți la adresa office@brm.ro.

Vă mulțumim!

În perioada 06.06.2025 – 23.06.2025, supunem consultării publice următoarele documente:

• 1. Procedura de organizare si functionare a pietei produselor standardizate pe termen mediu si lung – consultare publica 06.06.2025
  2. Trading procedure for short-term SPOT products – public consultation 06.06.2025

Please send any comments to office@brm.ro.

Thank you!

În intervalul 14.02.2025 – 28.02.2025, supunem consultării publice

• 01. Regulament-BRM-de-compensare-decontare-si-gestionare-a-riscului_14.02.2025
• 02. Acord-de-Membru-Compensator_consultare_14.02.2025
• Instrucțiunea-1-Privind-Garanțiile-destinate-acoperiri-riscurilor-financiare_in consultare
• Instructiunea-2-Stabilirea-Programului-Zilnic_in consultare
• Instructiunea-3-Stabilirea-Tarifelor-aferente-serviciilor_in consultare
• Instructiunea-4.-Determinarea-Valorilor-Marjei-Initiale_in consultare
• Instructiunea-5-Determinarea-Valorilor-Marjei-de-Livrare-Fizica_in consultare
• Instrucțiunea-6-Privind-elementele-Structura-Zilnica-a-Contului-și-rapoartele-furnizate-de-BRM-catre-MC_in consultare
• Instructiunea-7-Determinarea-Pretului-Zilnic-de-Decontare_in consultareregulament, acord MC, intructiunea 1-7 (RO)

Please send any comments to office@brm.ro.

Thank you!

Between February 14, 2025 – February 28, 2025, we are submitting the documents for public consultation.

• BRM Clearing Settlement and Risk Management Regulation
• Clearing Member Agreement
• Instruction 1 on Bonds covering financial risks
• Instruction 2 on determining the daily settlement schedule
• Instruction 3 setting fees and charges for service
• Instruction 4 on determining the Initial Margin Values
• Instruction 5 on determining the Values of the Physical Delivery Margin
• Instruction 6 Regarding the elements Daily Account Structure and reports provided by the RCE to the CM
• Instruction 7 The establishment of the Daily Settlement Price

Please send any comments or observations to office@brm.ro.

Thank you!

În intervalul 22.10.2024 – 12.11.2024, supunem consultării publice

• PROCEDURA gaz FWD_consultare publica_22.10.2024
• Gas forward procedure_public consultation_22.10.2024

Please send any comments to office@brm.ro.

Thank you!

Urmare a desfășurării, în intervalul 14.08.2024 – 28.08.2024, a consultărilor publice, atașăm sintezele observațiilor:

• Sinteza observatiilor Instructiunea 3 | Summary of observations Instruction 3
• Sinteza observatiilor Procedura de tranzationare FWD | Summary of observations FWD trading procedure
• Sinteza observatiilor Procedura de tranzactionare CCP | Summary of observations CCP trading procedure
• Sinteza observatiilor Regulament CCP | Summary of comments on the CCP Regulation

În intervalul 14.08.2024 – 28.08.2024, supunem consultării publice

• Procedura Gas Fwd – consultare publica – 14.08.2024
• Procedura termen mediu si lung Contraparte – consultare publica_14.08.2024
• Regulament BRM de compensare decontare si gestionare a riscului – consultare publica 14.08.2024
• Instructiunea 3. Stabilirea Tarifelor aferente serviciilor – 14.08.2024 – consultare publica

Please send any comments to office@brm.ro.

Thank you!

În intervalul 16.07.2024 – 05.08.2024, supunem consultării publice

• Procedura de tranzactionare a produselor pe termen scurt – SPOT – consultare publica – 05.08.2024
• Short Term Product Trading Procedure – SPOT – Public Consultation – 05.08.2024

Please send any comments to office@brm.ro.

Thank you!

În intervalul 28.06.2024 – 10.07.2024, supunem consultării publice

Conventie de participare la pietele de energie administrate de BRM
Conventie de participare la pietele de energie administrate de BRM (EN)

Please send any comments to office@brm.ro.

Thank you!

În intervalul 18.04.2024 – 30.04.2024, supunem consultării publice

• Conventie de participare la pietele de energie administrate de BRM
• Participation Convention for the Energy Markets Administered by BRM

Please send any comments to office@brm.ro.

Thank you!

Urmare a desfășurării, în intervalul 25.04.2024 – 10.05.2024, a consultării publice cu tema “PROCEDURA DE ORGANIZARE ȘI FUNCȚIONARE A PIEŢEI PRODUSELOR STANDARDIZATE PE TERMEN MEDIU ṢI LUNG ADMINISTRATĂ DE SOCIETATEA BURSA ROMÂNĂ DE MĂRFURI”, atașăm sinteza observațiilor.
Sinteza observatiilor – Procedura de tranzactionare Forward 23.05.2024

În intervalul 25.04.2024 – 10.05.2024, supunem consultării publice

• PROCEDURA DE ORGANIZARE ȘI FUNCȚIONARE A PIEŢEI PRODUSELOR STANDARDIZATE PE TERMEN MEDIU ṢI LUNG ADMINISTRATĂ DE BRM – consultare publica RO. vers. 25 apr. 2024
• PROCEDURE FOR THE ORGANISATION AND OPERATION OF THE MEDIUM- AND LONG-TERM MARKET FOR STANDARDISED PRODUCTS ADMINISTERED BY RCE – public consultation EN. vers. 25 apr. 2024

Please send any comments to office@brm.ro.

Thank you!

În intervalul 18.04.2024 – 10.05.2024, supunem consultării publice

• Contract Standard BRM
• Contract Standard BRM – BILINGV

Avem rugămintea ca eventualele observații să le trimiteți la adresa office@brm.ro.

Vă mulțumim!

Urmare a desfășurării, în intervalul 21.09.2023 – 06.10.2023, a consultării publice cu tema “Convenție de participare la piețele de energie administrate de BRM”, atașăm sinteza observațiilor.
Sinteza observatiilor – Conventie de participare

În intervalul 21.09.2023 – 06.10.2023, supunem consultării publice

• Conventie de participare unificata
• Participation agreement in public consultation

Avem rugămintea ca eventualele observații să le trimiteți la adresa office@brm.ro.

Vă mulțumim!

Consultari publice – Istoric (arhiva)

1. Licenta administrare a pietelor centralizate de gaze naturale – 14.12.2018
2. Lista centralizata a produselor standardizate
3. Istoric decizii (arhiva)

• Letter to NRA regarding Orders 143 and 144 of 2020
• Reply: NRA response to the letter regarding Orders 143 and 144 of 2020
• BRM letter no. 4408 – 28.07.2020
• Reply: ANRE letter no. 61335-05.08.2020
• BRM letter no. 4583-10.08.2020
• Reply: ANRE letter no. 62605-11.08.2020
• ANRE no. 70862-08.09.2020
• Competition Council letter 10447_22.09.2020
• ANRE no. 86433-30.10.2020
• Letter to Transgaz regarding the Balancing Market fee
• ANRE letter 99767_14.12.2020
• ANRE letter 100206_14.12.2020
• ANRE no. 1237_06.01.2021
• ANRE letter 3582 28.06.2021

• BRM no. 786-24.02.2025

Certificate no. 2247 – Romanian Commodities Exchange

• Law no. 123/2012 on electricity and natural gas
• Emergency Ordinance no. 27/2022 on measures applicable to final customers in the electricity and natural gas market during the period 1 April 2022 – 31 March 2023, as well as for amending and supplementing certain normative acts in the energy sector
• Emergency Ordinance no. 192/2022 amending and supplementing Government Emergency Ordinance no. 27/2022 on measures applicable to final customers in the electricity and natural gas market during the period 1 April 2022 – 31 March 2023, as well as for amending and supplementing certain normative acts in the energy sector
• Emergency Ordinance no. 153/2022 amending and supplementing Government Emergency Ordinance no. 27/2022 on measures applicable to final customers in the electricity and natural gas market during the period 1 April 2022 – 31 March 2023, as well as for amending and supplementing certain normative acts in the energy sector, and amending Government Emergency Ordinance no. 119/2022 amending and supplementing Government Emergency Ordinance no. 27/2022 on measures applicable to final customers in the electricity and natural gas market during the period 1 April 2022 – 31 March 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, for the implementation of Article 8(2) and (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 a guideline on capacity allocation and congestion management

Natural gas

• Order no. 95/2021 approving the Regulation on the organized trading framework for standardized products on the centralized natural gas markets administered by Societatea Bursa Română de Mărfuri – S.A. (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 of natural gas producers whose annual production achieved in the previous year exceeds 3,000,000 MWh to offer natural gas on centralized markets
• Order no. 105/2018 approving 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 amending the Annex to the 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, as well as the medium- and long-term standardized derivatives products market

Electricity

• Order no. 134/2022 approving the General Rules on organized forward electricity markets
• Order no. 117/2022 approving the Regulation on the organization and operation of the forward electricity contracts market, organized by Societatea Bursa Română de Mărfuri — S.A.
• Order no. 65/2022 approving the Regulation on the organized framework for electricity contracting by large final customers
• Order no. 213/2020 approving the Regulation on the calculation and settlement of imbalances of balancing responsible parties – single imbalance price, and amending certain ANRE orders
• Order no. 20/2004 approving the Technical Code of the Electricity Transmission Network

Common provisions for electricity and natural gas

• Order no. 13/2022 approving the Procedure on establishing and individualizing contravention sanctions reported to turnover, by the ANRE Regulatory Committee, following investigation actions
• Order no. 25/2017 approving the Regulation on the organization and conduct of investigation activity 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 financial instruments markets, ensuring the transposition of the provisions 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 the REMIT Transaction Reporting User Manual (TRUM) – Reporting of contracts for energy derivative products under REMIT and EMIR (ver. 2.1)