ROMANIA: The trading division of the French energy giant EdF is coming to Romania
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EdF Trading is to receive a license to operate on the Romanian market, according to data from the Energy Regulatory Authority.
“Draft decision and report regarding the granting of the license for the activity of the electricity trader, to the company EDF TRADING LIMITED”. This is one of the decisions that would be adopted by the Regulatory Committee of ANRE in its meeting this week.
EdF Trading is part of the French state-owned energy giant EdF (Electricite de France), the largest utility company in France, and a company that produces about 20% of all electricity in the European Union, and is in turn one of the most big trading houses from Europe. The company has 800 employees globally, was founded in 1999 and trades electricity, natural gas, crude oil, LPG and CO2 certificates.
The company has offices in London, Paris, Singapore, Tokyo and Dublin.
EdF’s entry into the local market takes place in the context of the expected liberalization of the market that would take place starting from April 1, 2025. At the moment, according to the legislation in force, energy trading is overtaxed by a percentage of 98%, and from April 1 this surcharge would be lifted.
