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Clifford Chance

Clifford Chance

Briefings

New amendments to the Energy Law in Romania

21 May 2020

The Romanian Government has adopted the Government Emergency Ordinance no. 74/2020 (the "Ordinance") for the amendment and supplementing of the Electricity and Natural Gas Law no. 123/2012, which entered into force on 19 May 2020.

The Ordinance provides the possibility for electricity producers to trade the electricity from the new production capacities, put into operation after 1 June 2020, outside the centralised markets, based on long term bilateral negotiated power purchase agreements.

According to the statement of reasons behind the enactment of the Ordinance, the change in law is expected to stimulate investments in new electricity generation capacities, with a direct positive impact on the economy and operation of the national electricity system.

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