Market participants’ data reporting obligations to the Agency for the Cooperation of Energy Regulators established by Regulation (“the Agency”)
The Cyprus Energy Regulatory Authority (CERA), exercising its powers under the Laws Regulating the Electricity Market 2003 to 2018 and the Laws Regulating the Gas Market 2004 to 2018 to ensure the implementation of the provisions of the Regulation (EU) No. 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency, wishes to bring to the attention of market participants the following data reporting obligations.
Effective oversight of wholesale energy markets requires the regular monitoring of details of contracts including orders to trade as well as data on capacity and use of facilities for production, storage, consumption or transmission of electricity and natural gas.
As per article 8 (Data Collection) of the Regulation (EU) No. 1227/2011, market participants, or a person or authority listed below on their behalf,
a third party acting on behalf of the market participant;
a trade reporting system;
an organised market, a trade-matching system or other person professionally arranging transactions;
a trade repository registered or recognised under applicable Union legislation on derivative transactions, central counterparties and trade repositories; or
a competent authority which has received that information in accordance with Article 25(3) of Directive 2004/39/EC or the European Securities and Markets Authority (ESMA) when it has received that information in accordance with applicable Union legislation on derivative transactions, central counterparties and trade repositories.
shall provide the Agency with a record of wholesale energy market transactions, including orders to trade.
The information reported shall include:
the precise identification of the wholesale energy products bought and sold,
the price and quantity agreed,
the dates and times of execution,
the parties to the transaction and the beneficiaries of the transaction; and
any other relevant information.
While overall responsibility lies with market participants, once the required information is received from a person or authority listed above, the reporting obligation on the market participant in question shall be considered to be fulfilled.
Market participants should report to the Agency on a regular basis details of wholesale energy contracts both in relation to the supply of electricity and natural gas and for the transportation of those commodities. Contracts for balancing services, contracts between different members of the same group of companies and contracts for the sale of the output of small energy production facilities should be reported to the Agency only at its reasoned request on ad-hoc basis.
Implementing Regulation (EU) No. 1348/2014 of the European Parliament lays down rules for the provision of data to the Agency implementing Article 8(2) and (6) of Regulation (EU) No 1227/2011. It defines the details of reportable wholesale energy products and fundamental data. It also establishes appropriate channels for data reporting including defining timing and regularity of data reports.
The detailed list of reportable contracts could be found in article 3 of the Implementing Regulation (EU) No. 1348/2014 as well as the list of contracts reportable at request of the Agency in Article 4 on the same implementing Regulation.
In order to facilitate reporting, the Agency draws up and maintains a public list of standard contracts and updates that list in a timely manner. The list of standard contracts could be found in the following link:
In order to facilitate reporting, the Agency draws up and publishes a list of organised market places and updates that list in a timely manner. The list of organised market places could be found in the following link: