Related documents: FAQs, Q 1.1.17: Two companies are subject to the REMIT transaction report and both parties registered with ACER. Both companies currently report their activities under their separate ACER code. After box 48 in Table 1 and box 41 in Table 2, the delivery point or area of the goods are determined. This field indicates the EIC Y code (or another code that must be agreed with the Agency if the EIC is not available) to identify the delivery and/or clearing point of the contract. In a country where there are several clearing zones, market participants should declare the EIC Y code for the clearing area for which they have compensated agreements with the EST. This is the area in which the market player provides the designation/planning of energy-raw material trough. In the opinion of PL Markets participants, the types of contracts described above are subject to the declaration according to the price of electricity/gas, which is determined for the part of the contract subject to resale (price X), for the total volume of energy under the contract, regardless of the energy allocation, since the price of “black” energy is without additional element (the cost of certificates of origin, excise duty). What code should be declared when the delivery point or area of box 4 (48) in Table 1 and/or box no (41) in Table 2 is declared? In order to best meet their clients` REMIT reporting requirements, these large London-based brokerages are meeting with potential solution providers, including EFETnets eFETnet, to establish an open industry standard for regulatory relationships between different regulatory structures, including Dodd-Frank, EMIR and now REMIT. This open standard was established by the European Federation of Energy Traders (EFET) and is known as eRR: Electronic Regulatory Report. We believe that the conclusion of such a general agreement on the supply and receipt of electricity, i.e. that the agreement sets the terms and conditions of trade, but does not set the price setting of .B volume option, for example the amount of electricity, time and place of delivery and price, is not a contract to be declared. Can anyone support the view that the EFET framework agreement is not a “framework contract”? Since 2011, EFETnet has been offering the Central Matching Service (CMS), a central platform that Straight Through Processing offers to more than 80 energy trading companies. CMS allows users to connect via a simple interface via the commercial energy landscape, connect organizations` trading systems to the CMS back-end and allow access via a front-end web.
CMS, a one-stop solution, simplifies operations, reduces internal assistance and internal costs, and improves business utilization by offering a fully outsourced set of electronic confirmation services (eCM), an electronic eXRP for mandatory clearing and electronic regulatory reporting (eRR) for mandatory reporting and portfolio voting. The vast majority of transactions eligible for reMIT reporting are conducted in organized markets (OMPs), which include exchanges, auction platforms and, in particular, energy brokerage platforms and/or their language and language brokerage services. London Energy Brokers represent the lion`s share of the “standard” transactions of interest to ACER. The framework agreement sets no price or volume and does not require any of the parties to make transactions. Whenever traders act under the framework agreement, Trader A and Trader B agree on the period, price and volume of each transaction at the time of the individual transaction, in order to support transactions with the final prices agreed each day for the range and NBP transactions, including the share of benefits resulting from short-range rate reductions, as defined in the framework agreement.