Technology-neutral approach adopted in the NC RfG
- Category: Network Codes
The issue whether the generator is synchronously connected to the grid will be among the main criteria for differentiation of the legal status of power producers in the Internal Electricity Market.
Therefore specific requirements for non-synchronously connected Power Generating Modules (so-called Power Park Modules) are introduced.
Energy transmission rights as financial instruments
- Category: Energy market
Financial energy transmission rights could fall under the category of financial instruments but transmission system operators assert they can benefit from the “incidental” activity exemption. Are they right?
REMIT reporting standards and taxonomies take shape
- Category: REMIT
Standards for the reporting framework as well as the taxonomy of wholesale energy market transactions are currently being decided under REMIT.
Concerns regarding allocation of responsibility when calculating clearing thresholds under EMIR
- Category: EMIR
Among potential compliance concerns regarding EMIR and particularly the issue of clearing thresholds is the question how the counterparty trading with the non-financial counterparty (NFC) is going to be made aware that the NFC has or has not yet exceeded the clearing threshold and how the responsibility for breaching the respective restrictions is shared.
Intragroup transactions when calculating clearing thresholds under EMIR
- Category: EMIR
Intragroup transactions when calculating clearing thresholds are counted twice.
Judgment of the General Court of 7 March 2013 in Case T-370/11 – natural gas as a benchmark fuel lawfully implemented in the secondary legislation
- Category: Implementation
Without entering into specific polemic with certain parts of the Court's reasoning, in any case a general conclusion comes to mind, namely that when designing any emission trading scheme such an important determination like the choice of reference fuel for the benchmarks-setting process should be done in primary legislation, and not in implementing acts. Such an approach would better serve democratic procedures.
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