Party A and Party B concluded deal via trading platform. Deal was reported and accepted by ACER in due time. During the contract’s life cycle, due to force major event and/or some mistake one of the parties fails to deliver/accept the energy.
a) does MP have obligation to report such changes?
b) does MP have obligation to report the financial part, paid or received, as compensation for non-delivered energy, if any?
if yes, please advise which example could be applied.
A force major event should not be considered a life cycle event per se. However, if the terms of the contract are amended, or the contract is cancelled, then a life cycle event should be reported.
Last update: 24/03/2016
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