REMIT reporting - modification of the contract price or quantity during delivery period
REMIT Reporting Database


 

When an original trade for a given period of time has already been reported, and a modification occurs during the delivery period, a separate new trade is required to be reported.

 

 

Frequently Asked Questions (FAQs) on REMIT transaction reporting

 

Question 3.1.5

 

... If a given trade for example, for the year 2016, is decided to be changed in the middle of the year - either the price or the quantity of trade to be increased or decreased, then shell we just send the correction for the period in which the change is going to be or to generate again a new report for the hole period? In other words: we have a trade for power block which is EU peak for a whole year of 2016. We've already sent a remit report for that trade on the day D+1 from the trade date. Then, in a few months, during the delivery period, we decide to buy more energy just for one week for example in august. Shall we generate a new report in which we'll have a separate display for every week in the year or shall we create a new report just for that specific week for which we made changes?

 

Answer

 

... In the Agency's view, when an original trade for a given period of time has already been reported, and a new agreement/modification occurs during the delivery period, the Agency would expect a separate new trade to be reported.

  

 

Legal basis:

 

- Article 3(1) of the Commission Implementing Regulation (EU) No 1348/2014

 

- Question 3.1.5 Frequently Asked Questions (FAQs) on REMIT transaction reporting (see box).

 

 

Last Updated on Friday, 15 April 2016 14:05
 

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