Commission Implementing Regulation (EU) No 1348/2014Show full title

Commission Implementing Regulation (EU) No 1348/2014 of 17 December 2014 on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency (Text with EEA relevance)

Article 3U.K.List of reportable contracts

[F1A1.Paragraphs 1 and 2 apply—

(a)as regards wholesale energy products relating to—

(i)the supply of electricity or natural gas with delivery in Great Britain; or

(ii)the transportation of natural gas in Great Britain,

from the start date of any data reporting system established by the GB Authority;

(b)as regards wholesale energy products relating to—

(i)the supply of natural gas with delivery in Northern Ireland; or

(ii)the transportation of natural gas in Northern Ireland,

from the start date of any data reporting system established by the NI Authority.]

1.The following contracts shall be reported [F2to the GB Authority if they fall within paragraph A1(a) and to the NI Authority if they fall within paragraph A1(b)]:

(a)As regards wholesale energy products in relation to the supply of electricity or natural gas with delivery in [F3Great Britain or Northern Ireland]:

(i)

Intraday or within-day contracts for the supply of electricity or natural gas where delivery is in [F3Great Britain or Northern Ireland] irrespective of where and how they are traded, in particular regardless of whether they are auctioned or continuously traded,

(ii)

Day-ahead contracts for the supply of electricity or natural gas where delivery is in [F3Great Britain or Northern Ireland] irrespective of where and how they are traded, in particular regardless of whether they are auctioned or continuously traded,

(iii)

Two-days-ahead contracts for the supply of electricity or natural gas where delivery is in [F3Great Britain or Northern Ireland] irrespective of where and how they are traded, in particular regardless of whether they are auctioned or continuously traded,

(iv)

Week-end contracts for the supply of electricity or natural gas where delivery is in [F3Great Britain or Northern Ireland] irrespective of where and how they are traded, in particular regardless of whether they are auctioned or continuously traded,

(v)

After-day contracts for the supply of electricity or natural gas where delivery is in [F3Great Britain or Northern Ireland] irrespective of where and how they are traded, in particular regardless of whether they are auctioned or continuously traded,

(vi)

Other contracts for the supply of electricity or natural gas with a delivery period longer than two days where delivery is in [F3Great Britain or Northern Ireland] irrespective of where and how they are traded, in particular regardless of whether they are auctioned or continuously traded,

(vii)

Contracts for the supply of electricity or natural gas to a single consumption unit with a technical capability to consume 600 GWh/year or more,

(viii)

Options, futures, swaps and any other derivatives of contracts relating to electricity or natural gas produced, traded or delivered in [F3Great Britain or Northern Ireland].

(b)Wholesale energy products in relation to the transportation of electricity or natural gas in [F3Great Britain or Northern Ireland]:

(i)

Contracts relating to the transportation of electricity or natural gas in [F3Great Britain or Northern Ireland] between two or more locations or bidding zones concluded as a result of a primary explicit capacity allocation by or on behalf of the TSO, specifying physical or financial capacity rights or obligations,

(ii)

Contracts relating to the transportation of electricity or natural gas in [F3Great Britain or Northern Ireland] between two or more locations or bidding zones concluded between market participants on secondary markets, specifying physical or financial capacity rights or obligations, including resale and transfer of such contracts,

(iii)

Options, futures, swaps and any other derivatives of contracts relating to the transportation of electricity or natural gas in [F3Great Britain or Northern Ireland].

[F41A.For the purposes of paragraphs A1 and 1, any contract made in the SEM relating to the supply or transportation of electricity, or derivative of such a contract, is to be treated as a contract or derivative relating to the supply of electricity for delivery in, or the transportation of electricity in, Northern Ireland.]

2.F5...

[F6Organised] market places shall submit identifying reference data for each wholesale energy product they admit to trading to the [F7national regulatory authority]. The information shall be submitted before trading commences in that particular contract in a format defined by the [F7national regulatory authority]. Organised market places shall submit updates of the information as changes occur.

In order to facilitate reporting, final customers party to a contract as referred to in Article 3(1)(a)(vii) shall inform their counterparty about the technical capability of the consumption unit in question to consume 600 GWh/year or more.

[F83.If a wholesale energy product referred to in paragraph 1 or 2 is not required to be reported to the GB Authority, or to the NI Authority, under those paragraphs because a data reporting system is not in operation, it must be reported to that authority upon a reasoned request by that authority.]

Textual Amendments