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FAQs on transaction reporting – Question II.3.1.52

There are different views within the industry about the reporting of purchase seller agreement when transactions consist of different parts. For example:

  • Company A can sell electricity to Company B in accordance with the terms and conditions of their purchase seller agreement; but also
  • Company B can sell electricity to Company A in accordance with the terms and conditions of their purchase seller agreement

How should such a contract be reported?

  1. Some market participants believe that the contract should be split in two different reporting streams: one contract for the sold quantity and one contract for the bought quantity
  2. Other market participants suggested to report one contact using C as buy/sell indicator

This different views may result in the reporting of the same contract with different formats:

  1. Company A reports a Table 2 with a “C” as buy/sell indicator;
  2. Company B report two separate Table 2, one for the sold quantity and one contract for the bought quantity
    What is the right way to report such purchase seller agreement transaction?

Answer:

In the Agency’s view, purchase-seller agreements should be reported with Table 2, as per the examples available in Annex II to the TRUM provided by the Agency’s stakeholders.

With regard to the reporting of a transaction under a purchase-seller agreement with Table 2, if market participants have different views on the reporting of such contracts, they can report their purchase-seller agreement with Table 2 either as one contract with a “C” as buy/sell indicator, or two separate contracts, one as “B” for Buy and one as “S” for Sell, provided that the meaning of the reports is the same.

As a result, any EXECUTION under that framework agreement should be reported with Table 1. Please see examples in Annex II to the TRUM.

Last update: 20/07/2018   RSS_Icon Subscribe to this Page’s RSS