REMIT reporting - failure to deliver/accept the energy
REMIT Reporting Database


 

 

Frequently Asked Questions (FAQs) on REMIT transaction reporting

 

Question 1.1.19

 

Party A and Party B concluded deal via trading platform. Deal was reported and accepted by ACER in due time. During the contract's life cycle, due to force major event and/or some mistake one of the parties fails to deliver/accept the energy.

 

a) does MP have obligation to report such changes,

 

b) does MP have obligation to report the financial part, paid or received, as compensation for non-delivered energy, if any if yes, please advise which example could be applied

 

Answer

 

A force major event should not be considered a life cycle event per se. However, if the terms of the contract are amended, or the contract is cancelled, then a life cycle event should be reported.

 

 

 

 

Last Updated on Tuesday, 19 April 2016 21:05
 

Search

Copyright © 2009 - 2017 Michal Glowacki. All rights reserved.
The materials contained on this website are for general information purposes only and are subject to the disclaimer