SPOT Market

TRADE! LINK TO THE SPOT TRADING PLATFORM- DAYAHEAD AND WITHINDAY

On the SPOT market you can trade short term contracts, which fall under the Regulation for Centralized Natural Gas markets approved through Order 223/2018 by RERA and which also falls under Order 105/2018.

Advised products which can be traded within this Market are the following:

  • Day Ahead (D+1)
  • Within Day  (D)

Details about the short term products market

In order to register on the SPOT market (Day-Ahead & Within-Day) proceed like so:

  • Sign the Collaboration Agreement and provide us with the Balancing and VTP access contract concluded with SNTGN Transgaz S.A.
  • Sign the Convention for participation to the centralized Natural Gas market in 2 original copies and send them by post, courier or e-mail in order to be signed by RCE;
  • Sign the Framework agreement for counterparty services for the short term products market in 2 original copies and send them by post, courier or e-mail in order to be signed by RCE;
  • Sign a Direct Debit agreement in RCE’s favour (RO64 RNCB 0082 0009 9180 0001 – RCE current account) between your account open at BCR or another bank which holds a Direct Debit agreement with BCR.
  • Provide guarantees in RCE’s favour which will cover 100% of the transaction value on the buying sense. The guarantee can be constituted through a Letter of guarantee advised by BCR or by opening an Escrow account at the Romanian commercial bank
    • Buying guarantee= 1 * Highest accepted price * Largest quantity wanted to be traded
    • Guarantee for Sale= 0
  • In order to allow a person to trade, a person with a decisional role must fill in and sign an empowerment

BCR contacts:

  • Sorin Ioan Ciupitu – Ciupitu@bcr.ro – Tel: 0786727825 – Trade Finance
  • Gabriela Roșu – rosu@bcr.ro – Tel: 0734999953 – Cash Management
  • Horia Negrău – Negrau@bcr.ro – Tel: 0786463608 – Trade & Cash Management

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