ANRE fines Transelectrica RON 16,000

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Transelectrica paid a fine of RON 16,000 to the National Regulatory Authority for Energy (ANRE), an information sent to investors and published on Bucharest Stock Exchange (BVB) reads.

”The National Power Grid Company Transelectrica SA informs the investor public that on 20 December 2017 ANRE issued the ascertaining and penalising minutes 86370 whereby it applied a fine to Transelectrica, in accordance with the provisions of article 93 para (1) pt. 4 from the Electricity and natural gas law 123/2012, for its failure to comply with the validity conditions associated to licence 161/2000 for provision of electricity transmission services, for provision of system services and for the balancing market administration, granted under Decision 865/22.12.2000 of ANRE President,” the document shows.

According to the source, Transelectrica has paid the fine in quantum of RON 16,000 according to the provisions of article 93 para (6) of the law and is reviewing the motivation provided in the respective minutes with a view to exercise its right to contest in court the possible irregularities existent thereof. 

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