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News & Insights

Commission adopts Implementing Regulation on data reporting implementing Articles 8 (2) and 8 (6) of REMIT

On 17 December 2014, the European Commission adopted the Implementing Regulation No. 1348/2014 (Regulation) setting out the requirements for the reporting of wholesale energy products and fundamental data in the European Union (EU) as part of the implementing acts of the Regulation on Wholesale…

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Commission adopts Implementing Regulation regarding the Offshore Oil and Gas Safety Directive

On 13 October 2014, the European Commission adopted the Implementing Regulation No. 1112/2014 (Regulation) setting out common formats for sharing of information on major hazard indicators by the operators and owners of offshore oil and gas installations and for the publication of such information…

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New electricity trading rules for the centralised bilateral contracts market in Romania

Given the view of the Romanian Energy Regulatory Authority (“ANRE“) that electricity sale and purchase agreements with flexible prices and / or indicative quantities should not be concluded on the centralised electricity bilateral contracts market (ʺMarketʺ)…

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Romanian Capital Markets align with EU securities settlement date

While the majority of the EU member states, including Romania, used a three day securities settlement cycle (ʺT+3ʺ), following the adoption of Regulation (EU) No. 909/2014 of the European Parliament and of the Council on 23 August 2014 on improving securities settlement in the European Union and…

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Draft Law supplementing the Law No. 220/2008 establishing the aid scheme for the generation of electricity from renewable energy sources

On 1 October 2014 a draft law (“Draft Law“) supplementing the Law No. 220/2008 establishing the aid scheme for the generation of electricity from renewable energy sources (“Law No. 220/2008“) and the Government Emergency Ordinance No. 88/2011 which amended and supplemented…

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