The Commission for Industries and Services introduced an amendment to the Draft Law amending and supplementing the Law on Electricity and Natural Gas no. 123/2012 which provides penalties of 5-10% of turnover for the manipulation of the gas and electricity market.

If the offender is a newly established legal entity, which did not register the turnover in the year prior to the sanction, it will be sanctioned with a misdemeanor fine ranging from 100,000 lei to 1,000,000 lei, according to the admitted amendments.

The repetition of the market manipulation contravention within 12 months is a very serious act, the regulatory authority withdrawing the license of the infringing person following a final court decision, according to the Industries and Services Commission, quoted by financialintelligence.ro.

According to other accepted amendments, the transmission system operator has the obligation to connect all applicants to the transmission system within 180 days from the date of obtaining the building permit. The recovery of the connection costs is achieved through the transport tariffs according to the ANRE regulations.