CESR - ERGEG final advice on Third Energy Package

12 January 2009

ERGEG and CESR recommend that all EU trading platforms publish harmonised post-trade information, on a trade-by-trade basis and close to real-time for standardised supply contracts and derivatives.

ERGEG and CESR recommend that all EU trading platforms publish harmonised post-trade information, on a trade-by-trade basis and close to real-time for standardised electricity and gas supply contracts and derivatives traded on or cleared through these platforms. Furthermore, energy regulators also recommend that aggregate data be published on a daily basis by the platforms.

 

Practical approach to the Third Energy Package’s record-keeping obligations

The European Commission’s Third Energy Package proposals contain new obligations for supply undertakings to keep records related to their transactions. To allow an effective oversight of electricity and gas trading, ERGEG and CESR propose that supply undertakings should be able, as a minimum, to provide data derived from their records, upon request from a regulator, in an electronic format.

 

On the exchange of information between regulators, ERGEG and CESR recommend that this should be possible on a case-by-case basis so as to ensure a proper oversight of the market.

 

Press release

Cover letter

Final advice

 


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