Retail Market – Natural Gas

Within the Natural Gas section of the Retail Market, buying auctions take place. These are initiated by final consumers.

The product traded is exclusively Natural Gas consumed by initiating customers for non commerical purposes (self consumption)

Customers which own a valid Natural Gas supply license issued by RERA and who wish to initiate buying and selling orders through the Romanian Commodities Exchange have the Wholesale markets available (Gas Forward, Gas Forward CCP, SPOT and the Balancing market). For details access the WHOLESALE NATURAL GAS MARKETS.

The main advantages resulted from accessing the Natual Gas section of the Retail market refer to:

Advantageous price– Resulted from an organised system as a direct product of supply and demand. Using the price negotiation within the live or electronic auction offers the possibility of further price improvement compared to the initial best offered price. If the obtained price does not fall between your highest accepted price, the possibility of negotiating with only the best price bidder exists within the trading session, without having to repeat the procedure;
Reduced amount of time for procedure completion– The order is scheduled for trade within maximum 7 days from the date of issue;
RCE quotes– These offer the advantage of a reference system with regards to the prices within the market available through RCE;
The exchange guarantee system- executing the contract in good conditions using the utilised system as well as careful bidder selection before admission to the trading sessions.
Large number of existent bidders due to the large quantities traded at the total market level;
Efficient time and effort management related to the capitalization or acquisition of products;
Elimination of bureaucracy related to classic public acquisitions through commodity standardization and reduction of the amount of needed documents.

Main advantages of acquisitions through the Retail market:

Advantageous price– Resulted from an organised system as a direct product of supply and demand. Using the price negotiation within the live or electronic auction offers the possibility of further price improvement compared to the initial best offered price. If the obtained price does not fall between your highest accepted price, the possibility of negotiating with only the best price bidder exists within the trading session, without having to repeat the procedure;
Reduced amount of time for procedure completion– The order is scheduled for trade within maximum 7 days from the date of issue;
RCE quotes– These offer the advantage of a reference system with regards to the prices within the market available through RCE;
The exchange guarantee system- executing the contract in good conditions using the utilised system as well as careful bidder selection before admission to the trading sessions.
Large number of existent bidders due to the large quantities traded at the total market level;

The contracting authority has the right to apply the procedure of negotiation without preliminary publication for the attribution of public acquisitions of products for products quoted and acquired on a commodity market, if the regulated and supervised multilateral trading structure guarantees natural market prices

Law 98/2016 concerned with public acquisitions, art 104. (5), letter.c)
Government decision nr. 395/2016 for approval of methodological norms applied to provisions referring to a public acquisition contract from Law nr. 98/2016 concerned with public acquisitions.
Law 99/2016 concerned with sectorial acquisitions, art 117 (1) letter. g)
Government decision nr. 394/2016 for approval of methodological norms applied to provisions referring to a public acquisition contract from Law nr. 99/2016 concerned with public acquisitions.

Acces și modalități de tranzacționare pe Piața Retail (Disponibil) – Ringul Gazelor Naturale

1.Complete the Initiating Order according to your specifications.

ATTENTION!

Within the Natural Gas section, the bid price contains all costs related to supplying Natural Gas (price of Natural Gas, regulated tariffs related to transport services, storage and distribution, imbalance tariff as well as any other expenditure). It is recommended to only bid the price of Natural Gas Exclusive of RERA tariffs, excise and VAT! For a correct estimate of your contract, please consult RERA prices and tariffs for Natural Gas.

2. Schedule the date of the trading session with the Retail Natural Gas manager or with the director of the Terminal of which you belong to.

Your trading session (auction) will only take place on RCE’s electronic trading platform. It will be scheduled in a maximum of 7 calendaristic days from the date of your Initiating Order issue date. In order to schedule the session earlier (4 days minimum) or reschedule ( later than 8 days) please send a written request to the Retail market Natural Gas manager or to the RCE Terminal which has organised the procedure.

3. Provide RCE with the Initiating Order together with the Award documentation.

It is recommended that the Award documentation shall contain:

The task specification – your conditions and technical specifications for the supply of Natural Gas in your future supply contract.
- Annex containing your consumption history from previous supply periods
- Annex with physical consumption places and the distributors.
Draft supply contract- your conditions and specifications from a legislative and economic point of view.
Participantion form- To be completed by all potential bidders.

4. RCE publishes your Initiating Order and sens the Participation invitation.

If the Initiating Order and Award documentation was sent before 16:00, the procedure will be published in the same day.

If the documentation has been sent after 16:00, the procedure will be published the following day. Due to this, the procedure calendar can suffer changes. All responsibility related to changes to the procedure date falls exclusively to the Initiating customer.

5. Advertising period

Between the date of the procedure publication and the limit date for providing the offers, any potential bidder can send clarification requests and/or document modification requests, to the addresses mentioned but within the time limit mentioned in the Initiating order. The responsibility of answering the requests and clarification of the Award documentation falls to the initiating customer.

6.Bidder registration for the procedure and providing the offers

Any potential bidder must provide requested documentation within the mentioned time limit, like so:

Opposite order- To the Natural Gas manager and the organising RCE terminal
Proof of guarantee constitution- To the Natural Gas manager and to the organising terminal
Award documentation (requested by the initiating customer) – To the Natural Gas manager and to the organising terminal

7. Evaluating and qualifying/rejecting offers

Documentation requested through the Award documentation evaluation (According to Law 98 and/or 99/2016) within the opposite offers as well as qualification or rejection of offers in the price trading stage of the session is realized by the evaluation committee. All responsibility of qualifying or rejecting received offers falls exclusively to the Initiating client.

8. Electronic trading session

Split into 3 stages like so:

Stage I: Opening stage- Bidders introduce their starting price- Duration: 15 minutes
Stage II: Free trade- Bidders improve the pries introduced in stage I – Duration: 15 minutes
- Bidder prices and the initating customers prices are visible to all participants during the session.
- The Initiating clients price can be matched by any bidder, thus launching the trade. The execution time is 2 minutes.
- The price of the bidder which launched a transaction can be improved by any another bidder. The execution time is 2 minutes.
- If the matched order is not improved for 2 minutes, the transaction is successfully concluded.
Stage III: Session close– Bidders can not modify their prices. The initiator accepts or refuses the best price.

9. Procedure finalising. Documents issues post trading session.

Trading session report-this is signed by all participants to the procedure:
- Initiating client
- Bidding clients
- Session coordinator
Session contract (For sessions with a successfull transaction) – signed by:
- Initiating customer
- Winning bidder of the transaction
- Session coordinator

10. Procedure closing. Guarantee clearing. RCE commission payment

Complete a Guarantee restitution request and send it to the RCE manager.
If the organisation you represent is part of the concluded transaction, pay the RCE commission in the account specified on the invoice.
If your guarantee was constituted through a money order, you can pay the value of the commission through compensation in the guarantee account. Request the reciprocal debt clearance to the RCE manager. The difference will be provided back to you by RCE in the account specified.
If your organisation was not part in the transaction and has no debts to clear with RCE, RCE will pay back the amount in the account specified by you by the time specified in the guarantee restitution request.