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REMIT reporting - Power Purchase Agreements (PPAs)
REMIT Reporting Database

 

 

 

ACER's Frequently Asked Questions (FAQs) on REMIT transaction reporting

 

Question 3.1.43

 

Reference to documents: TRUM V2 page 18 and Annex II p. 183/184
A colleague reported back that of their PPA providers we are the only one who think there is a monthly reporting requirement. (Executions under a non-standard frame contract reporting according to the billing cycle.)


Another market participant has legal advice and has also received guidance from ACER that it is a one off reporting requirement. Just to report the contract. Furthermore, they got informed that the monthly reporting would kill the ARIS system.


In this context, we have the question if this information is correct? Do we only need to report the frame contract in the non-standard contract and do not need to report the
executions (actual volumes) each month (billing cycle)? The same then would apply to all other metered business.

 

Answer


It is our understanding that a Power Purchase Agreement (PPA) is a bilateral agreement with defined Pricing, Delivery point and Billing and Payments conditions. Furthermore, it is our understanding that a contract under a PPA is not traded at an organised market place. The contract will be reported under Table 2 and, following the billing, the executions specifying an outright volume and price will be reported no later than 30 days after the invoicing date, using Table 1 of the Annex to Commission Implementing Regulation (EU) No 1348/2014.

 

 

 

  

 

 

 

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    Documentation    

 

 

 

 

ACER's Frequently Asked Questions (FAQs) on REMIT transaction reportingQuestion 3.1.43

 

 

 

 

 

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Power Purchase Agreement (PPA) Power Purchase Agreement (PPA)

 

 

 

 

 

 

Last Updated on Wednesday, 31 July 2019 10:18
 

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