|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.
|Last Updated on Sunday, 14 February 2016 21:20|