{"id":19321,"date":"2020-06-30T09:32:49","date_gmt":"2020-06-30T09:32:49","guid":{"rendered":"https:\/\/brm.ro\/natural-gas-markets\/"},"modified":"2020-06-30T09:32:49","modified_gmt":"2020-06-30T09:32:49","slug":"natural-gas-markets","status":"publish","type":"page","link":"https:\/\/brm.ro\/en\/natural-gas-markets\/","title":{"rendered":"Natural Gas Markets"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; padding_top=&#8221;70&#8243; z_index=&#8221;&#8221; css=&#8221;.vc_custom_1582290868128{background-color: #ffffff !important;}&#8221;][vc_column width=&#8221;2\/3&#8243;][vc_column_text]<strong>WHOLESALE NATURAL GAS MARKET<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;]<div class=\"q_list circle\">\n\t<\/p>\n<ul>\n<li><a href=\"https:\/\/brm.ro\/gasforward-market\/\"><strong>GASFORWARD MARKET<\/strong><\/a><\/li>\n<\/ul>\n<p>Products: Week, Month, Quarter, Semester, Warm season, Cold season, Calendar Year and Gas Year.<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/brm.ro\/gasforward-ccp-market\/\">GASFORWARD WITH CENTRAL COUNTERPARTY<\/a><\/strong><\/li>\n<\/ul>\n<p>Products: Week, Month, Quarter, Semester, Warm season, Cold season, Calendar Year and Gas Year.<\/p>\n<ul>\n<li><a href=\"https:\/\/brm.ro\/en\/spot-market\/\"><strong>SPOT MARKET<\/strong><\/a><\/li>\n<\/ul>\n<p>Products: DayAhead, WithinDay<\/p>\n<ul>\n<li><a href=\"https:\/\/brm.ro\/balancing-market\/\"><strong>BALANCING MARKET<\/strong><\/a><\/li>\n<\/ul>\n<p>Products: Ddaily Imbalance<\/div>[vc_empty_space height=&#8221;20px&#8221;][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>RETAIL NATURAL GAS MARKET<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;]<div class=\"q_list circle\">\n\t<\/p>\n<ul>\n<li><a href=\"https:\/\/brm.ro\/en\/retail-market-natural-gas\/\"><strong>NATURAL GAS (RETAIL MARKET)<\/strong><\/a><\/li>\n<\/ul>\n<p>Products: Natural Gas ( Procedures initiated by clients classified as eligible final consumers)<\/div>[vc_empty_space height=&#8221;20px&#8221;][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>LEGISLATION<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;]<div class=\"q_list circle\">\n\t<\/p>\n<ul>\n<li class=\"wpb_wrapper\" style=\"text-align: left\"><strong><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/04\/Decizie-244_19.02.2020.pdf\">RERA Decision 244 19.02.2020<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/04\/Licenta-administrare-Piata-Centralizata-de-gaze-naturale-din-14.12.2018.pdf\"> Centralized<\/a><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/04\/Licenta-administrare-Piata-Centralizata-de-gaze-naturale-din-14.12.2018.pdf\"> Natural Gas Market administering from 14.12.2018<\/a><\/strong><\/li>\n<\/ul>\n<p><\/div>[vc_empty_space height=&#8221;20px&#8221;][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>CURRENT RCE PROCEDURES<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>For the GasForward market<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;]<div class=\"q_list circle\">\n\t<\/p>\n<ul>\n<li><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2021\/02\/Annex-2.-BRM-Standard-Contract-10.2020.docx\">Annex 2. BRM Standard Contract 10.2020<\/a><\/li>\n<li><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2021\/02\/Annex-4.-Novation-Contract.docx\">Annex 4. Novation Contract<\/a><\/li>\n<li><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2021\/02\/Convention-for-participation-to-the-centralized-natural-gas-market.docx\">Convention for participation to the centralized natural gas market<\/a><\/li>\n<li><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2021\/02\/Procedure-for-the-organization-and-functioning-of-the-market-for-medium-and-long-term-products-21.10.2020.pdf\">Procedure for the organization and functioning of the market for medium and long term products 21.10.2020<\/a><\/li>\n<\/ul>\n<p><\/div>[vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>For the GasForward Central Counterparty market:<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;]<div class=\"q_list circle\">\n\t<\/p>\n<ul>\n<li><strong>\u00a0<a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/05\/The-risk-clearing-settlement-and-management-regulation-2.pdf\">The risk clearing, settlement and management regulation<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/04\/Procedura-termen-mediu-si-lung-CCP_09-08-2019-1.docx\">Medium and long term product procedure Central Counterparty 09 08 2019<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/05\/Acord-acceptare-MC-EN.docx\">Acceptance Agreement of MC<\/a><\/strong><\/li>\n<li><strong>\u00a0<a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/05\/1.-BILINGV-COLOANE-Conventie-de-Participare-BRM-08.07.2019.docx\">Convention for participation to the centralized market of natural gas<\/a><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong><em>\u00a0Instructions for trading on the GasForward Central Counterparty platform:<\/em><\/strong><\/p>\n<ol>\n<li>\u00a0<a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/05\/Instruction-1-on-Bonds-covering-financial-risks.pdf\">Instruction 1 on Bonds covering financial risks<\/a><\/li>\n<li>\u00a0<a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/05\/Instruction-2-on-determining-the-daily-settlement-schedule.pdf\">Instruction 2 on determining the daily settlement schedule<\/a><\/li>\n<li>\u00a0<a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/05\/Instruction-3-on-setting-tariffs-for-services.pdf\">Instruction 3 on setting tariffs for services<\/a><\/li>\n<li>\u00a0<a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/05\/Instruction-4-on-determining-the-Initial-Margin-Values-15-05-2020.pdf\">Instruction 4 on determining the Initial Margin Values 15.05.2020<\/a><\/li>\n<li><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/05\/Instruction-5-on-determining-the-Values-of-the-Physical-Delivery-Margin.pdf\">Instruction 5 on determining the Values of the Physical Delivery Margin<\/a><\/li>\n<li>\u00a0<a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/05\/Instruction-6-Regarding-the-elements-Daily-Account-Structure-and-reports-provided-by-the-RCE-to-the-CM.pdf\">Instruction 6 Regarding the elements Daily Account Structure and reports provided by the RCE to the CM<\/a><\/li>\n<\/ol>\n<p><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/05\/CCP-Transaction-Simulator.xlsx\">CCP Transaction Simulator<\/a><\/div>[vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>For the Balancing market:<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;]<div class=\"q_list circle\">\n\t<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/04\/Regulament-Piata-de-Echilibrare-.docx\">Balancing market Rulebook<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/04\/Acord-Cadru-Piata-de-Echilibrare.docx\">Balancing market agreement<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/04\/Conventie-Piata-de-Echilibrare.docx\">Balancing market convention<\/a><\/strong><\/li>\n<\/ul>\n<p><\/div>[vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>For the Spot market:\u00a0<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;]<div class=\"q_list circle\">\n\t<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/04\/Procedura-de-tranzactionare-a-produselor-pe-termen-scurt-SPOT.docx\">Short term product trading Procedure (SPOT)<\/a><\/strong><\/li>\n<li><strong>\u00a0<a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/05\/1.-BILINGV-COLOANE-Conventie-de-Participare-BRM-08.07.2019.docx\">Convention for participation to the centralized market of natural gas<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/04\/Acord-Cadru-Termen-Scurt-SPOT-1.docx\">Short term Agreement (SPOT)<\/a><\/strong><\/li>\n<\/ul>\n<p><\/div>[\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text]<strong>DOCUMENTS<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;]<div class=\"q_list circle\">\n\t<\/p>\n<ul>\n<li><a href=\"https:\/\/www.anre.ro\/ro\/gaze-naturale\/legislatie\/piata-gazelor-naturale\/alte-reglementari-comerciale\"><strong>RCE Rules for the Centralizard Natural Gas Markets (Ord. ANRE nr.223\/2018)<\/strong><\/a><\/li>\n<li><strong><a class=\"fr-file\" href=\"https:\/\/brm.ro\/storage\/app\/media\/uploaded-files\/Licenta%20administrare%20Piata%20centralizata%20gaze%20din%2014dec%202018.pdf\">Centralized Natural Gas Market Administering License from 14dec 2018<\/a><\/strong><\/li>\n<li><a class=\"fr-file\" href=\"https:\/\/brm.ro\/storage\/app\/media\/uploaded-files\/Decizia%20de%20licentiere%202119-19iul2013.pdf\"><strong>Decision for license granting nr 1797 concerned with the Centralized Natural Gas market administering granted to RCE<\/strong><\/a><\/li>\n<li><strong><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/05\/Lista-de-banci-agreate-de-BCR-pentru-debitare-directa.xlsx\">List of Banks advised by BCR for Direct Debiting<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/brm.ro\/wp-content\/uploads\/2020\/04\/Tarife-si-Comisioane-Piata-Centralizata-de-Gaze-Naturale.docx\">Tarrifs and commisions for the Centralized Natural Gas market<\/a><\/strong><\/li>\n<\/ul>\n<p><\/div>[vc_empty_space height=&#8221;20px&#8221;][\/vc_column][\/vc_row][vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; padding_bottom=&#8221;70&#8243; z_index=&#8221;&#8221; css=&#8221;.vc_custom_1582290891175{background-color: #ffffff !important;}&#8221; padding_top=&#8221;20&#8243;][vc_column][\/vc_column][\/vc_row][vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; css=&#8221;.vc_custom_1582291181607{background-color: #f3f3f3 !important;}&#8221; z_index=&#8221;&#8221; padding_top=&#8221;70&#8243; padding_bottom=&#8221;70&#8243;][vc_column][vc_column_text]<\/p>\n<h1>\u00a0Natural Gas market participants<\/h1>\n<p>[\/vc_column_text][vc_separator type=&#8221;small&#8221; position=&#8221;left&#8221; color=&#8221;#9b9b9b&#8221; thickness=&#8221;4&#8243; width=&#8221;48&#8243; up=&#8221;14&#8243; down=&#8221;22&#8243;][vc_column_text]<strong>Trading steps for the SELLING inititator<\/strong><\/p>\n<p>In case of Wholesale Markets; as long as a participant has partaken in the market registration steps, a seller can launch an order during the trading schedule without the intervention of an RCE operator within his guarantee limit, where this is the case.<\/p>\n<p>In case of trading within the <strong>Retail Market,\u00a0<\/strong>as long as he has partaken in the market registration steps, a seller can participate in all scheduled auctions by presenting the RCE session coordinator with an opposite order and with proof of guarantee constituted through a letter of guarantee or money order. The registration documents requested by the Initiator must also be provided.[\/vc_column_text]<div class=\"q_list circle\">\n\t<\/div>[vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>Trading steps for the Buying initiator<\/strong><\/p>\n<p>In case of Wholesale Markets; as long as a participant has partaken in the market registration steps, a buyer can launch an order during the trading schedule without the intervention of an RCE operator within his guarantee limit, where this is the case.<\/p>\n<p>In case of trading within the <strong>Retail Market,\u00a0<\/strong>as long as he has partaken in the market registration steps, a buyer can participate in all scheduled auctions by presenting the RCE session coordinator with an opposite order and with proof of guarantee constituted through a letter of guarantee or money order. The registration documents requested by the Initiator must also be provided.[\/vc_column_text]<div class=\"q_list circle\">\n\t<\/div>[vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>SELLER advantages<\/strong>[\/vc_column_text]<div class=\"q_list circle\">\n\t<\/p>\n<ul>\n<li>Over 90 registered market participants- a high demand<\/li>\n<\/ul>\n<p><\/div>[vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>BUYER advantages<br \/>\n<\/strong>[\/vc_column_text]<div class=\"q_list circle\">\n\tOver 90 reigstered market participants- a high demand<\/div>[vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>RCE transaction characteristics- HOW to trade?<\/strong><\/p>\n<p>When trading Natural Gas we use:[\/vc_column_text]<div class=\"q_list circle\">\n\t<\/p>\n<ul>\n<li>When the initiator is the buyer, a descending price is offered<\/li>\n<li>When the initiator is the seller, an ascending price is offered<\/li>\n<\/ul>\n<p><\/div>[vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>RCE transaction characteristics- WHAT to trade?<\/strong>[\/vc_column_text]<div class=\"q_list circle\">\n\t<\/div>[vc_empty_space height=&#8221;20px&#8221;][vc_column_text]<strong>What does RCE offer?<\/strong>[\/vc_column_text]<div class=\"q_list circle\">\n\t<\/p>\n<ul>\n<li>Transparency and efficiency of trading procedures;<\/li>\n<li>Equal treatment and market participant protection;<\/li>\n<li>Advertising of offer and demand.<\/li>\n<\/ul>\n<p><\/div>[\/vc_column][\/vc_row][vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;full_width&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221;][vc_column][\/vc_column][\/vc_row][vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;full_width&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221;][vc_column][vc_column_text].[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; padding_top=&#8221;70&#8243; z_index=&#8221;&#8221; css=&#8221;.vc_custom_1582290868128{background-color: #ffffff !important;}&#8221;][vc_column width=&#8221;2\/3&#8243;][vc_column_text]WHOLESALE NATURAL GAS MARKET[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;][vc_empty_space height=&#8221;20px&#8221;][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]RETAIL NATURAL GAS MARKET[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;][vc_empty_space height=&#8221;20px&#8221;][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]LEGISLATION[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;][vc_empty_space height=&#8221;20px&#8221;][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]CURRENT RCE PROCEDURES[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]For the GasForward market[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]For the GasForward Central Counterparty market:[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]For the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"full_width.php","meta":{"footnotes":""},"class_list":["post-19321","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/brm.ro\/en\/wp-json\/wp\/v2\/pages\/19321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brm.ro\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/brm.ro\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/brm.ro\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/brm.ro\/en\/wp-json\/wp\/v2\/comments?post=19321"}],"version-history":[{"count":0,"href":"https:\/\/brm.ro\/en\/wp-json\/wp\/v2\/pages\/19321\/revisions"}],"wp:attachment":[{"href":"https:\/\/brm.ro\/en\/wp-json\/wp\/v2\/media?parent=19321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}