Major changes to the regulatory framework in the Romanian electricity sector

AMENDMENTS TO GEO 27/2022 ON ELECTRICITY AND NATURAL GAS PRICE CAPS AND TO GEO 119/2022 AMENDING GEO 27/2022

On 11 November 2022, Emergency Ordinance no. 153/2022 (“GEO 153/2022“) amending and supplementing Government Emergency Ordinance no. 27/2022 (“GEO 27/2022“) on measures applicable between 1 April 2022 and 31 March 2023 to end customers in the electricity and natural gas market, as well as amending and supplementing certain regulatory acts in the energy sector and amending Government Emergency Ordinance no. 119/2022 (“GEO 119/2022“) for amending and supplementing Government Emergency Ordinance No. 27/2022 on measures applicable between 1 April 2022 and 31 March 2023 to end customers in the electricity and natural gas market, as well as for amending and supplementing certain regulatory acts in the energy sector, was published in Official Gazette of Romania No. 1091, entering into force on the same date.

The preamble to GEO 153/2022 makes reference to the provisions of Regulation (UE) 2022/1.854 of the Council of 6 October 2022 on an emergency intervention to address high energy prices, including the provisions of Article 8 thereof regarding the principles which the Member States are required to observe in the development of the national crisis measures.

The main change introduced under GEO 153/2022 is aimed at regulating the centralized electricity purchase mechanism in the energy market.

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