WHOLESALE NATURAL GAS MARKET
Natural Gas Markets
Products: Week, Month, Quarter, Semester, Warm season, Cold season, Calendar Year and Gas Year.
Products: Week, Month, Quarter, Semester, Warm season, Cold season, Calendar Year and Gas Year.
Products: DayAhead, WithinDay
Products: Ddaily Imbalance
RETAIL NATURAL GAS MARKET
Products: Natural Gas ( Procedures initiated by clients classified as eligible final consumers)
LEGISLATION
CURRENT RCE PROCEDURES
For the GasForward market
For the GasForward Central Counterparty market:
- The risk clearing, settlement and management regulation
- Medium and long term product procedure Central Counterparty 09 08 2019
- Acceptance Agreement of MC
- Convention for participation to the centralized market of natural gas
Instructions for trading on the GasForward Central Counterparty platform:
- Instruction 1 on Bonds covering financial risks
- Instruction 2 on determining the daily settlement schedule
- Instruction 3 on setting tariffs for services
- Instruction 4 on determining the Initial Margin Values 15.05.2020
- Instruction 5 on determining the Values of the Physical Delivery Margin
- Instruction 6 Regarding the elements Daily Account Structure and reports provided by the RCE to the CM
For the Balancing market:
For the Spot market:
DOCUMENTS
- RCE Rules for the Centralizard Natural Gas Markets (Ord. ANRE nr.223/2018)
- Centralized Natural Gas Market Administering License from 14dec 2018
- Decision for license granting nr 1797 concerned with the Centralized Natural Gas market administering granted to RCE
- List of Banks advised by BCR for Direct Debiting
- Tarrifs and commisions for the Centralized Natural Gas market
Natural Gas market participants
Trading steps for the SELLING inititator
In case of Wholesale Markets; as long as a participant has partaken in the market registration steps, a seller can launch an order during the trading schedule without the intervention of an RCE operator within his guarantee limit, where this is the case.
In case of trading within the Retail Market, as long as he has partaken in the market registration steps, a seller can participate in all scheduled auctions by presenting the RCE session coordinator with an opposite order and with proof of guarantee constituted through a letter of guarantee or money order. The registration documents requested by the Initiator must also be provided.
Trading steps for the Buying initiator
In case of Wholesale Markets; as long as a participant has partaken in the market registration steps, a buyer can launch an order during the trading schedule without the intervention of an RCE operator within his guarantee limit, where this is the case.
In case of trading within the Retail Market, as long as he has partaken in the market registration steps, a buyer can participate in all scheduled auctions by presenting the RCE session coordinator with an opposite order and with proof of guarantee constituted through a letter of guarantee or money order. The registration documents requested by the Initiator must also be provided.
SELLER advantages
- Over 90 registered market participants- a high demand
BUYER advantages
Over 90 reigstered market participants- a high demand
RCE transaction characteristics- HOW to trade?
When trading Natural Gas we use:
- When the initiator is the buyer, a descending price is offered
- When the initiator is the seller, an ascending price is offered
RCE transaction characteristics- WHAT to trade?
What does RCE offer?
- Transparency and efficiency of trading procedures;
- Equal treatment and market participant protection;
- Advertising of offer and demand.
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