ROMANIANENERGYREGULATORYAUTHORITYREGULATEDELECTRICITYMARKET,PRICESANDTARRIFSDEPARTMENTANREREPORTONRESULTSOFMONITORINGTHEROMANIANELECTRICITYMARKETAPRIL2012-ThisdocumentrepresentsanunauthorisedtranslationoftheRomaniandocument-ANREmakesallthenecessaryeffortstopresentwithinthehereabovementioneddocument,asaccuratelyandconciselyaspossible,thedatabasedonthelegalentitiesreports.ThisdocumentpublishedbyANREisforinformationpurposeonly.ANREisnotandwillnotbeunderanycircumstanceslegalresponsibleforanyinadvertencesregardingtheinformationpresentedwithinthedocumentorfortheimproperwaytheinformationisusedElectricitymarketmonitoringreport–April20122TABLEOFCONTENTSI.MAINEVENTSINTHEDEVELOPMENTOFTHEROMANIANELECTRICITYMARKET..................................................................................................................................3II.WHOLESALEELECTRICITYMARKET.............................................................................41.Structureofthewholesaleelectricitymarket.........................................................................42.Participantsonthewholesaleelectricitymarket....................................................................43.GenerationstructureofNationalEnergySystemonresourcestypes....................................54.Transactions’structureonthewholesaleelectricitymarket..................................................75.Tradingstructureonthewholesaleelectricitymarketofdifferentparticipantcategories.136.Concentrationindicatorsonthewholesaleelectricitymarketanditscomponents............197.Priceevolutiononwholesaleelectricitymarket..................................................................21III.RETAILELECTRICITYMARKET......................................................................................261.Structureoftheretailelectricitymarket..............................................................................262.Stepsintheopeningprocessoftheelectricitymarket.........................................................263.Electricitymarketopeningdegree.......................................................................................264.Marketsharesoftheelectricitysuppliers............................................................................275.Concentrationindicatorsofthecompetitiveretailelectricitymarket..................................306.Evolutionofconsumers’numberandofelectricitydelivered.............................................317.Averagesellingpricesofconsumerssuppliedonthecompetitivemarket..........................32IV.TRANSMISSIONANDSYSTEMOPERATORC.N.TRANSELECTRICAS.A...............33V.EVOLUTIONOFMARKETRULESINAPRIL2012.........................................................34VI.EXPLANATIONSANDABBREVIATION.........................................................................34Electricitymarketmonitoringreport–April20123I.MAINEVENTSINTHEDEVELOPMENTOFTHEROMANIANELECTRICITYMARKETGD365/1998–verticallyintegratedmonopol–RENEL–wassplitin.Separateddistributionandsupplycompanies(SCElectricaSA)andgenerationcompanies(SCTermoelectricaSAandSCHidroelectricaSA)wereestablishedwithinanewcompany-CONELSA.Twootherelectricitygenerators(SNNuclearelectricaSAandRAAN)wereseparatelyestablished;transmission,systemservicesandmarketadministrationwereseparatelyorganised,withinCONELSA;therelationshipsbetweenpartieswithintheelectricitysectorweresettledbasedoncontracts;GD122/2000–electricitymarketopensat10%;GD627/2000–CONELholdingisdisolved;September2000–launchofthecompulsoryelectricityspotmarketinRomania,administratedbyOPCOMandorganizedbasedonpoolmodel;GD1342/2001–SCElectricaSAsplitsin8subsidiariesforelectricitydistributionandsupply;GD1524/2002–SCTermoelectricaSAreorganizesinseveralseparatelegalentitiesforgeneration;July2005–launchofthenewmarketmodel,basedon:voluntaryspotmarket,withbothsidesoffersandbilateralsettlement;compulsorybalancingmarket,withTSOassinglecounterparty;financialresponsibilitiesofthebalancingareallocatedtotheBRP;GD644/2005–electricitymarketopensat83.5%;November2005–launchofthegreencertificatesmarket;December2005–launchofthecentralizedmarketforbilateralcontracts;March2007–launchofthecentralizedmarketforpartiallystandardizedbilateralcontractswithcontinuousnegociation;GD638/2007–fullyopeningofelectricityandgasmarkets;July2007–rulesforcapacitymarkethavebeenestablished.July2008–launchofthemechanismofdirectdebitandguaranteeforelectricitytransactionsontheday-aheadmarket(OPCOMascentralcounterparty).August2008–processoflegalunbundlingofdistributionandsupplycompanieshasbeenconcluded;August/October2010–launchofbilateralcoordinatedauctionsforcapacityallocationoninterconectionswithHungaryandBulgaria;July2011-launchoftheintradaymarket.Electricitymarketmonitoringreport–April2012II.WHOLESALEELECTRICITYMARKET1.Structureofthewholesaleelectricitymarket2.ParticipantsonthewholesaleelectricitymarketThemarketparticipants*actingontheelectricitymarketinApril2012arepresentedbelowsplitintocategories:No.NameAElectricitygeneratorsoperatingdispatchingu