The National Energy Regulatory Authority (ANRE) on Thursday put up for public consultation a draft order regarding the introduction of a guarantee for contracts concluded on the electricity markets in the form of a percentage of the value of the contracts, the proposal being that this guarantee be 30%, ANRE head, George-Sergiu Niculescu told a press conference on Thursday.
He emphasised that, since 2018, in what concerns the natural gas, this guarantee for contracts exists in the form of bank guarantee letters or amounts of money deposited by those who carry out the respective transaction.
"We are aiming through this measure to improve the way of trading in the sense that, I believe, the energy market in Romania is in a process of maturation, and the introduction of these guarantees does nothing but establish clearer, firmer rules. Usually, the lack of guarantees can obviously lead, theoretically, to greater liquidity, but the failure to engage in a guarantee can ultimately represent a form of non-compliance with the contracts agreed by the parties," explained the ANRE president.
He added that consultations will be held on this subject, because it is not desired to introduce obstacles to trading on the energy market, and all "pertinent, reasoned" observations that will come from suppliers and traders will be analyzed.
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