Common use of STORAGE DATA DECLARATION SERVICE Clause in Contracts

STORAGE DATA DECLARATION SERVICE. As part of Regulation (EU) No. 1227/2011 of 25 October 2011 on wholesale energy market integrity and transparency (hereinafter the "REMIT regulation") and its implementing Regulation (EU) No. 1348/2014 of 17 December 2014 (hereinafter the "Implementing Regulation"), market participants must declare to the Agency for the Cooperation of Energy Regulators ("ACER") the quantity of Gas that the market participant has stored at the end of the gas day, and shall do so at the latest by the following business day. This declaration to ACER must be made by the market participants or on their behalf by the storage facility managers. To enable the Customer to meet his declaration obligation, the Storage Facility Manager offers the Storage Data Declaration Service through which the Quantity of Gas that the Customer has stored in the Storage Facility Manager’s installations at the end of each Day is declared to ACER on the Customer’s behalf, at the latest by the following business day.