Frequently Asked Questions (FAQs) on REMIT transaction reporting
Question 1.1.19
Party A and Party B concluded deal via trading platform. Deal was reported and accepted by ACER in due time. During the contract's life cycle, due to force major event and/or some mistake one of the parties fails to deliver/accept the energy.
a) does MP have obligation to report such changes,
b) does MP have obligation to report the financial part, paid or received, as compensation for non-delivered energy, if any if yes, please advise which example could be applied
Answer
A force major event should not be considered a life cycle event per se. However, if the terms of the contract are amended, or the contract is cancelled, then a life cycle event should be reported.