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FAQs on transaction reporting – Question II.3.1.3

We plan to report our Forward Contracts for Grid losses in Austria. These contracts are not trades at an OMP, but have the structure of a typical Forward (e.g. Yearly Base Forward 10MW 30€ for grid losses) with an outright volume and price.

In my understanding we should use the REMIT-Table 1 Scheme (Page 18 TRUM) because this is a non-standard product with an outright volume and price.

Can you confirm this? Is it necessary in this case that both counterparts report to ACER?


Answer:

As written in the Transaction Reporting User Manual (TRUM), non-standard contracts specifying at least an outright volume and price shall be reported using Table 1. As for any bilateral trade, both counterparties need to report to ACER with separate reports.

Last update: 16/02/2016   RSS_Icon Subscribe to this Page’s RSS