The National Agency for Energy Regulation (ANRE) has issued a license to SA “Furnizarea Energiei Electrice Nord” that was created by reorganizing SA “Retelele Electrice de Distributie Nord” (RED Nord) and SA “Retelele Electrice de Distributie Nord-Vest” (RED Nord-Vest) by separation, IPN reports.

According to the ANRE, the new company was founded based on the property of RED Nord and RED Nord-Vest that was transmitted as a result of their reorganization. Following this process, the two companies’ rights and obligations related to the supply of electric power were taken over by “Furnizarea Energiei Electrice Nord”. The license allows the new company to supply electric power at regulated tariffs through the power distribution networks of RED Nord and RED Nord-Vest.

The Administration Board of the ANRE also withdrew the licenses allowing supplying electricity from the two companies, based on the submitted applications. Now these hold only licenses for distributing electric power.

Earlier, the ANRE issued a license for supplying electric power to ICS “Gas Natural Fenosa Furnizare Energie”, which was created by reorganizing ICS “Red Union Fenosa” by separation. Currently, “Red Union Fenosa” provides only power distribution services.

The ANRE’s actions form part of the plan for implementing the Energy Package II that envisions the adjustment of the national legislation to a number of European directives and regulations concerning the liberalization of the electric power market for the benefit of end-users.