Standard framework energy trading agreements
European Union Electricity Market Glossary


 

"Standard framework energy trading agreements" govern all transactions the parties enter into for the purchase, sale, delivery and acceptance of flat quantities of a commodity for which the parties agree a delivery point (each such transaction being an "individual contract"). The parties enter into a standard agreement and into individual contracts on the understanding that all individual contracts and the standard agreement shall form a single agreement between the parties. The provisions of such a single agreement constitute an integral part of, but may be supplemented by the terms of, each individual contract.

 

The definition has relevance for REMIT records of transactions.

 

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Last Updated on Sunday, 14 February 2016 22:20
 

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