Common use of REMIT Reporting Service for Bilateral Contracts Clause in Contracts

REMIT Reporting Service for Bilateral Contracts. REMIT Reporting Service for Bilateral Contracts is available to any Market Participant who wishes to use HEnEx as an RRM to report its bilateral contracts for the supply of electricity and/or natural gas (as defined in the Implementing Regulation). In accordance with Article 5 of the Implementing Regulation, the reportable information of the Market Participant’s contracts shall include the details set out in Table 2 of the Annex of the Implementing Regulation. The details of transactions executed within the framework of non- standard contracts specifying at least an outright volume and price shall be reported using Table 1 of the Annex of the Implementing Regulation. The Market Participant is solely responsible for the truthfulness, completeness, accuracy and updating of the reportable information, as well as the successful and timely submission to HEnEx. Following successful submission of the reportable information to the Platform, HEnEx as an RRM, will report to ACER, on behalf of the Market Participant the submitted data, pursuant to REMIT article 8(1). The Market Participant will be able to access the reported data and receive confirmations via a web portal, where an overview of the submitted reports and their status shall be displayed.

Appears in 3 contracts

Samples: Remit Reporting Service Agreement, Remit Reporting Service Agreement, Remit Reporting Service Agreement

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REMIT Reporting Service for Bilateral Contracts. General Information REMIT Reporting Service Services for Bilateral Contracts is available refers to any DAS Market Participant Participants, who wishes wish to use HEnEx LAGIE as an RRM to report its bilateral their non-standard contracts for the supply of electricity and/or natural gas (as defined in the Implementing Regulation)Acts) and their respective counterparties. In accordance with Article 5 of the Implementing RegulationActs, the reportable information of the Market Participant’s non-standard contracts shall include the details set out in Table 2 of the Annex of the Implementing RegulationActs. The details of transactions executed within the framework of non- non-standard contracts specifying at least an outright volume and price shall be reported using Table 1 of the Annex of the Implementing RegulationActs. The Market Participant will submit to LAGIE through the RS-RRM platform the reportable information in a specific XML format defined by LAGIE. Market Participant is solely responsible for the truthfulness, completeness, accuracy and updating of the reportable information, as well as the successful and timely submission to HEnExLAGIE according to the timing and terms of uploading specified in the “REMIT Reporting Service User Guide”. Following successful submission of the reportable information to the RS-RRM Platform, HEnEx LAGIE as an RRM, will report to ACER, on behalf of the Market Participant the submitted data, pursuant to REMIT article 8(1). The Market Participant will be able to access the reported data and receive received confirmations via a web portal, where an overview of the submitted reports and their status shall be displayed.

Appears in 1 contract

Samples: Remit Reporting Service Agreement

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