ARTICLE · 24 JULY 2012

New Romanian Energy Law

Schoenherr (Schönherr Rechtsanwälte)

Contributor

Schoenherr (Schönherr Rechtsanwälte)

Schoenherr is a leading European full-service law firm with a strong footprint across Central and...

This insight looks at the amendments brought by Romania’s new law on electricity and gas markets on electricity trading and power purchase agreements.

RomaniaEnergy and Natural Resources

Raluca Dîrjan

Monica Cojocaru

Anca Velicu

Author LinkedIn connections

This insight looks at the amendments brought by Romania's new law on electricity and gas markets (the Romanian Energy Act 2012) on electricity trading and power purchase agreements (PPAs). The Romanian Energy Act 2012 was published in the country's Official Gazette on Monday, July 16and entered into force on Thursday, July 19. Some of the new provisions can be construed as limiting the option of the producers and wholesale traders to selling/trading electricity only on the power exchange (currently operated by OPCOM – the Romanian electricity market operator), banning outright PPAs and bilaterally negotiated contracts.

Background

The Energy Act 2012 follows as an obligation of the EU member states to align their national legislation with the latest Directives and Regulations on electricity and gas (generically known as the Third Energy Package). Generally. the aim of the Third Energy Package is to finalise the internal energy market in Europe by ensuring fully

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

New Romanian Energy Law

Background

Related Articles

The Standalone BESS Reform: Resolving The PUZ Paradox

Renewable Energy Comparative Guide

Romania's New Gas Licensing Rules: A Closer Look At The PE Risk For Foreign Suppliers And Traders

NAMR Draft Amending Romania's Petroleum Law With Impact On Concessions: Two New Guarantees To Be Provided By The Titleholders

Ready Or Not, It's Here: Transelectrica Approves The Grid Capacity Allocation Procedure, Effective Next Year

Read more about

Related Comparative Guides

Renewable Energy

Energy – Oil & Gas

See more popular content from

Renewable Energy Comparative Guide

Ready Or Not, It's Here: Transelectrica Approves The Grid Capacity Allocation Procedure, Effective Next Year

Romanian Government Approves Draft Law On Mining Activities

Romanian Energy Regulatory Authority ("ANRE") Has Set The Mandatory Quota For The Acquisition Of Green Certificates

Romania's New Gas Licensing Rules: A Closer Look At The PE Risk For Foreign Suppliers And Traders

Romania's Cernavodă Nuclear Power Plant Looking For New Investors As Partnership With China General Nuclear Power Corporation Terminated

The Standalone BESS Reform: Resolving The PUZ Paradox

NAMR Draft Amending Romania's Petroleum Law With Impact On Concessions: Two New Guarantees To Be Provided By The Titleholders

Romania To Hold First CfD Renewables Auction In Coming Weeks

Draft Biomethane Legislation Promises New Opportunities On Romania's Energy Market

SEC Shakes Up US Crypto Market

Albania's New FDI Screening Regime Now In Full Effect

Taxation Of Investment Income – How To Apply Limited Tax Rules To Complex Transactions?

EU: ECJ Rules On Cross-Border Conversions

How The Bulgarian Trade Registry Discloses Personal Data On The Internet

Esports: Legal Challenges And Taxation In Austria

Reform Of Real Estate Transfer Tax Broadens Scope Of Tax Triggering Share Deals Involving Property Owning Companies

Hungary Tightens EU Fund Controls Ahead Of 31 August Deadline

OpenAI Releases Prompting Guidelines

Hungary Launches New CfD Support Scheme Targeting Electricity Storage Operators