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FAQs on transaction reporting – Question II.1.1.19

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.


Answer:

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   RSS_Icon Subscribe to this Page’s RSS