Romgaz is asking RON190 per megawatt hour.
Romgaz became a vertically integrated power company in January last year, following the takeover of Iernut thermal power plant.
The company is controlled by the state’s Energy Department.
Romanian state-run natural gas producer Romgaz Medias (SGN.RO) plans to sell around 563,000 megawatt hours of electricity on the local energy exchange OPCOM in a bid to raise 106.96 million lei (EUR24 million).