The National Regulatory Authority for Energy (ANRE) has approved the operation of the spot gas market on the OPCOM stock exchange, shows a press release from the institution. “Today, September 20th, 2017, the meeting of the ANRE Regulatory Committee was held, which approved the procedures that allow the operation of the Day Ahead Market of Natural Gas (PZU-GN), managed by OPCOM. By using this new trading product, market participants have the opportunity to trade short-term products (1 day), being an important step in diversifying the products necessary for the development of the Romanian natural gas sector”, shows a document, according to Agerpres.

The set of documented documents is based on the new Regulation on the organized framework for trading on the centralized natural gas market administered by the Operator of OPCOM Electricity and Natural Gas Market, approved by ANRE in June 2017 following the request of OPCOM to include DAM -GN between products made available to the market.

The set of approved documents are the ”The procedure regarding the registration of the participants on the natural gas market managed by OPCOM”, ”The convention for participation on the Day Ahead Market for Natural Gas”, ”The procedure regarding the operation of the Day Ahead Market for Natural Gas Market”, “The procedure regarding the establishment, verification and use of financial guarantees for access on the Day Ahead Market for natural gas”, and “The procedure for cashing and payments related to the transactions on the Day Ahead Market for natural gas”.