We would like to inform you about the following change in the CorreggioNET system:
The Italian Regulatory Authority for Energy, Networks and Environment (ARERA) has announced the details of the annual fee payment for this year. The contribution is the same as last year (i.e. 0,31 per thousand).
The fee should be paid by 2 November 2021 via bank transfer specifying ”Contributo ARERA 2021 ENERGIA GAS”.
https://www.arera.it/allegati/docs/21/070-21dagr_all.pdf
You need to communicate your fee payment and turnover data by 31 December 2021.
For more information, please consult our website:
https://www.correggionet.eu/2018/04/12/italy-pmeg-gas/.
We would like to inform you about the following change in the CorreggioNET system:
The Italian Regulatory Authority for Energy, Networks and Environment (ARERA) has announced the details of the annual fee payment for this year. The contribution is the same as last year (i.e. 0,31 per thousand).
The fee should be paid by 2 November 2021 via bank transfer specifying ”Contributo ARERA 2021 ENERGIA POWER”.
https://www.arera.it/allegati/docs/21/070-21dagr_all.pdf
You need to communicate your fee payment and turnover data by 31 December 2021.
For more information, please consult our website:
https://www.correggionet.eu/2018/04/12/italy-pmeg-power/.
In June 2021, the rules of reporting on acquisition of control in licensed entities have changed. With the new rulings, any acquisition of control (i.e., shareholding with voting rights) in a Hungarian licensed entity, must be accompanied by a request to consent by the acquiring party to the Hungarian Energy and Public Utility Regulatory Authority (HEPURA). The request to consent is required in order to make it possible for such party to lawfully acquire and exercise — directly or indirectly — control, provided that the so acquired shareholding reaches or exceeds 5% in the licensed entity. In other words, the procedure of obtaining only a subsequent acknowledgement of certain transactions from HEPURA was basically terminated, save for some minor cases applicable for listed public companies. However, it is important that such consent is not necessary for those not supplying end-users nor is it relevant for those entities in the EU with or without a branch in Hungary that have passported their energy trading rights to Hungary and this way received a license. For more information, please consult our website: https://www.correggionet.eu/2018/04/12/hungary-pmeg-power/.
We would like to inform you about the following change in the regulations in Hungary: In June 2021, the rules of reporting on acquisition of control in licensed entities have changed. With the new rulings, any acquisition of control (i.e., shareholding with voting rights) in a Hungarian licensed entity, must be accompanied by a request to consent by the acquiring party to the Hungarian Energy and Public Utility Regulatory Authority (HEPURA). The request to consent is required in order to make it possible for such party to lawfully acquire and exercise — directly or indirectly — control, provided that the so acquired shareholding reaches or exceeds 5% in the licensed entity. In other words, the procedure of obtaining only a subsequent acknowledgement of certain transactions from HEPURA was basically terminated, save for some minor cases applicable for listed public companies. However, it is important that such consent is not necessary for those not supplying end-users nor is it relevant for those entities in the EU with or without a branch in Hungary that have passported their energy trading rights to Hungary and this way received a license. For more information, please consult our website: https://www.correggionet.eu/2018/04/12/hungary-pmeg-gas/.
New reporting obligations in the French power market were introduced, including that evidence of maintained financial security has to be reported each year of validity of the licence to Ministry of Energy in France. In addition information about the insurances/ failure to perform instances, concluded by the electricity trader in relation to its activities need to be reported as soon as applicable. Furthermore new reporting obligations arise in relation to end consumer prices and volumes when requesting the end customer supplier licence. And lastly, the deadline for providing a business plan for the following period has changed from the 1st of March to the 30th of September. For more information, please consult our website: https://www.correggionet.eu/2018/04/12/france-pmeg-power/.
The French Energy Ministry has published the updated form for the yearly reporting according to article R.443-7 of the Energy Code. The form is available in French. Additionally, the CorreggioNET team has prepared a convenience translation of the reporting form in English. The deadline to comply with the reporting obligation is the 1st of May, and the spreadsheet needs to be sent back to the following address: enquete-gaz@developpement-durable.gouv.fr. For more information, please consult our website: https://www.correggionet.eu/2018/04/12/france-pmeg-gas/.
Please be informed that based on Government Decree No 110/2020. (IV. 14.) of Hungary, trading license holders are required to submit data yearly in case they enter into a new gas supply contract or when they modify an existing contract. The annual reporting obligation is due 31 August. For more information, please consult our website: https://www.correggionet.eu/2018/04/12/hungary-pmeg-gas/.
The notion of and the provisions on limited electricity trading licence are repealed as of March 1, 2021, and such type of licence is no longer available. However, those who obtained their limited licenses for power trading before March 2021 are not affected by new legislation and they keep their current status. These licenses will remain in force without any change, and the license holders can further continue their licensed activity. They are not required to adopt a business code, nor to set-up a customer service centre. In addition, please be informed that the supervision fee in Hungary will be increased from 0.075% to 0.085% as of March 28, 2021. The supervision fee due for the period between January 1 and March 31, 2021 will be calculated on the basis of the lower rate (0.075% ), whereas the supervision fee due for the period following April 1, 2021 will be calculated at the higher rate (0.085%). The difference between the already paid amounts of the 2021 Q1 and Q2 fees and the fee payable due to the increased rate for the same period will be debited on the 2021 Q3 and Q4 amounts payable until 30 June 2021. It means energy traders must anticipate that besides the general 0.085% rate applicable for the second half of the year, they will also be required to compensate for the difference calculated for the first half of the year due to the new legislation. For more information, please consult our website: https://www.correggionet.eu/2018/04/12/hungary-pmeg-power/.
Please be informed that the supervision fee in Hungary will be increased from 0.075% to 0.085% as of March 28, 2021. The supervision fee due for the period between January 1 and March 31, 2021 will be calculated on the basis of the lower rate (0.075% ), whereas the supervision fee due for the period following April 1, 2021 will be calculated at the higher rate (0.085%). The difference between the already paid amounts of the 2021 Q1 and Q2 fees and the fee payable due to the increased rate for the same period will be debited on the 2021 Q3 and Q4 amounts payable until 30 June 2021. It means energy traders must anticipate that besides the general 0.085% rate applicable for the second half of the year, they will also be required to compensate for the difference calculated for the first half of the year due to the new legislation. For more information, please consult our website: https://www.correggionet.eu/2018/04/12/hungary-pmeg-gas/.
Romanian regulator ANRE changed the definition of long-term electricity supply contracts to contracts with a duration of 1 month or more. Previously, long-term supply contracts were defined strictly as contracts with a delivery period longer than 1 calendar year. This change in secondary legislation paves the way for the negotiation of directly negotiated bilateral contracts outside OPCOM in Romania, as soon as the Romanian primary legislation will be amended to remove the mandatory centralised trading obligation. At the moment bilateral contracts outside OPCOM can only be entered into for generation capacities commissioned after 1 June 2020. The change was operated via ANRE Order 26/2021, in force as of 1 April 2021. However, there is no current fixed timeline for the modification of Romanian primary legislation, to allow long-term OTC trading outside OPCOM for all generation capacities. For more information, please consult our website: https://www.correggionet.eu/2019/05/17/romania-pmeg-power/.