THE

WOLF THEISS

GUIDE TO:

Licensing of Electricity and Gas

Wholesale Activities in Central, Eastern

& Southeastern Europe

2018 Edition

WOLF THEISS is one of the largest and most respected law firms in Central, Eastern and Southeastern Europe (CEE/SEE). We opened our first office in Vienna 60 years ago. Our team now brings together over 340 lawyers from a diverse range of backgrounds, working in offices in 13 countries throughout the CEE/SEE region. During that time, we have worked on many cases that have broken new ground.

We concentrate our energies on a unique part of the world: the complex, fast-moving markets of the CEE/SEE region. This is a fascinating area, influenced by a variety of cultural, political and economic trends. We enjoy analysing and reflecting on those changes, drawing on our experiences, and working on a wide range of domestic and cross-border cases.

Disclaimer

This second edition of The Wolf Theiss Guide To: Licensing of Electricity and Gas Wholesale Activities in Central, Eastern & Southeastern Europe is intended as a practical guide to the general principles and features of the basic legislation and procedures in the countries included in the publication.


While every effort has been made to ensure that the country guides were accurate when finalised, they should be used only as a general reference guide and should not be relied upon as definitive for planning or making definitive legal decisions. In these rapidly changing legal markets, the laws and regulations are frequently revised, either by amended legislation or by administrative interpretation.


Status of information: Current as of 1 January 2018


Conception, design, and editing:

WOLF THEISS Rechtsanwälte GmbH & Co KG, Attorneys-at-Law Schubertring 6, 1010 Vienna, Austria

www.wolftheiss.com






© 2018 WOLF THEISS Rechtsanwälte GmbH & Co KG. All Rights Reserved.

Foreword


Wolf Theiss is pleased to publish the 2nd edition of The Wolf Theiss Guide To: Licensing of Electricity and Gas Wholesale Activities in Central, Eastern & Southeastern Europe.


In the past decade, this part of Europe has seen increasing interest in participation in the wholesale energy markets. Our energy team has handled numerous licensing procedures throughout the region both in the electricity and the natural gas market. The most challenging aspect is often helping our clients manoeuvre through the labyrinth of regulations, hence our decision to publish this Wolf Theiss Guide To: Licensing of Electricity and Gas Wholesale Activities in Central, Eastern & Southeastern Europe. It is intended as a practical guide to the principal regulatory features of the licensing of wholesale activities in 13 jurisdictions covered by Wolf Theiss.


In the first part of the guide, we present an executive summary of the regulatory licensing framework applicable in each of the 13 jurisdictions covered. The second chapter of the guide contains an outline of the current status of the internal energy market in the European Union and highlights the regulatory "patchwork" regarding access to the physical wholesale energy markets in our region. The regulatory framework applicable in each jurisdiction is described in more detail in the country chapters. To facilitate the reference to the relevant sections, all the country chapters follow a uniform structure and start with a detailed table of contents including the relevant page numbers. When they are used, defined terms apply to the specific country chapter only.


The information contained in this Wolf Theiss guide was correct as of 1 January 2018. While every effort has been made to ensure that the information was accurate when finalised, the guide should be used only as a general reference guide and should not be relied upon as definitive for planning concrete transactions. In these rapidly changing legal markets, the laws and regulations are frequently revised, either by legislative amendments or by administrative interpretations.


Our thanks go to all of the teams at Wolf Theiss who have enabled us to produce this guide.



General Information

Country Expertise