Romania’s National Energy Regulatory Authority (ANRE) has withdrawn IBN Energy SRL’s electricity supply licence, citing failures connected with market guarantees, regulatory cooperation and the company’s declared operating address. ANRE said the conduct was persistent and systematic, and continued after earlier sanctions. The regulator said IBN Energy had no final customers, meaning the decision does not affect electricity supply to consumers.
The guarantee that was not constituted
ANRE said IBN Energy entered orders on the intraday electricity market in August 2025 without sufficient guarantees behind them. The supplier had guarantees allocated of only 150,000 lei, while Transelectrica, acting as the balancing-market operator, reported a significant negative imbalance for the period from 1 to 7 August 2025. The mandatory financial guarantee was 3,522,276.50 lei and had still not been constituted by the deadline of 26 August 2025. ANRE also said the supplier failed to meet payment obligations to the Romanian Commodities Exchange. In market terms, the guarantee mechanism is intended to provide financial cover for obligations created by trading and imbalances, rather than treating market access as an unsecured commitment.
Why the licence was withdrawn
The regulator said its control team found no sign of electricity-supply activity and no person able to provide information at IBN Energy’s declared headquarters. For months, according to ANRE, the company did not answer emails, written notices or invitations to meetings at the authority’s offices, and did not provide requested data. ANRE also said the company failed to notify it that its shareholders and legal representative had changed, although those changes had been recorded at the Trade Register in August 2025. Before revoking the licence, ANRE issued a warning in March 2026, a 5,000 lei fine in May 2026 and total fines of 120,000 lei in August 2026 for four contraventions. The regulator said no concrete remedial action followed.
A compliance test with no reported customer impact
ANRE based the withdrawal on findings by its Directorate for Control and Complaint Resolution and its REMIT Monitoring Directorate. It concluded that the situation was irremediable under Article 43(3)(b) of the regulation governing licences and authorisations in the electricity sector, approved by ANRE Order 6/2025. The case illustrates how an energy-supply licence operates as an ongoing compliance obligation: a supplier must maintain required financial cover, meet payment duties, cooperate with oversight and keep regulatory information current. ANRE said IBN Energy operated only from February to August 2025 and had no final customers in its portfolio. On the data held by the regulator, withdrawing the licence therefore does not interrupt any consumer’s electricity supply.
| Fact | Detail |
|---|---|
| Regulator | National Energy Regulatory Authority (ANRE) |
| Supplier | IBN Energy SRL |
| Mandatory guarantee | 3,522,276.50 lei |
| Guarantees allocated | 150,000 lei |
| Guarantee deadline | 26 August 2025 |
| Earlier sanctions | Warning in March 2026; 5,000 lei fine in May 2026; total fines of 120,000 lei in August 2026 |
| Final customers | None, according to ANRE |
A licence to supply is not merely a ticket to enter the market, but a permanent commitment to the market.
WHY IT MATTERS
For suppliers and market participants, the decision shows that electricity-market access depends on continuing compliance, not only on obtaining a licence. Financial guarantees, payment obligations, responses to regulatory requests and accurate information about ownership and management are part of that ongoing obligation. ANRE said the withdrawal has no consumer-supply impact because IBN Energy had no final customers.
Reported from economedia.ro, 2026-11-10. The Tender Wire is published by Otnox.
