Chapter II, Article 6 · Commission Implementing Regulation (EU) 2026/256

Contents

Article 6Exposure reporting#

1.Positions resulting from trading wholesale energy products shall be reported to the Agency by market participants once per quarter (the ‘reference period’), and no later than the last day of the month following the last day of the reference period. The first reporting shall take place in October 2027.

2.The report referred to in paragraph 1 shall contain the positions of market participants in wholesale energy products with physical delivery or cash settlement within the 18 months following the last day of the reference period, irrespective of where and how such activity is conducted, including intragroup transactions.

3.The information listed in paragraph 2 shall be:

(a)reported separately for electricity and natural gas, including LNG;

(b)reported per delivery point or zone as defined by the Agency;

(c)reported per product type;

(d)differentiated between intragroup and non-intragroup positions; and

(e)aggregated by month, for each of the 18 months following the last day of the reference period, as calculated on the last day of the reference period.

4.Upon request of the Agency market participants that are subject to the reporting obligation set out in paragraph 1 shall provide the following information:

(a)forecasted monthly volume of electricity or natural gas production per delivery point or zone and for the reporting period as defined by the Agency; and

(b)forecasted monthly volume of electricity or natural gas consumption, per delivery point or zone and for the reporting period as defined by the Agency, based on the market participant’s contracts concluded with its customers.

5.Market participants with positions referred to in paragraph 2 below 600 GWh on a yearly basis, assessed separately for electricity and natural gas, shall not be required to submit the report referred to in paragraph 1. Market participants shall assess whether that threshold for energy volumes applies to them on an annual basis at the end of each calendar year.The threshold of 600 GWh shall be assessed as a sum of absolute monthly values resulting from paragraph 2.

6.Transmission System Operators, Distribution System Operators, Storage System Operators, and LNG System Operators that purchase natural gas or electricity solely for the technological or operational needs of the system they operate shall report the information set out in this Article only upon request of the Agency.

7.The Agency may request market participants to provide information and clarifications in relation to the information reported pursuant to this Article.

8.The Agency shall, upon the Commission’s request, submit a report to the Commission based on the information reported pursuant to this Article. The Agency may, in the report, provide an assessment of whether, in view of the energy market developments, the applicable framework for exposure reporting and reporting standards continues to be fit for the purpose of enhancing market integrity and transparency.

Defined terms · 22

Show every defined term

balancing capacity
means a volume of capacity that a balancing service provider has agreed to hold and in respect to which the balancing service provider has agreed to submit bids for a corresponding volume of balancing energy to the transmission system operator for the duration of the contract;
balancing energy
means energy used by transmission system operators to carry out balancing;
balancing service
means:
capacity mechanism
means capacity mechanism as defined in Article 2, point (22), of Regulation (EU) 2019/943;
consumption unit
means a resource which receives electricity, natural gas or hydrogen for its own use;
contracts-for-difference
means contracts for difference as defined in Article 2, point (76), of Regulation (EU) 2019/943.
entry-exit system
means entry-exit system as defined in Article 2, point (57), of Directive (EU) 2024/1788;
fundamental data
means information related to the capacity and use of facilities for production, storage, consumption or transmission of electricity and natural gas or related to the capacity and use of LNG facilities, including planned or unplanned unavailability of such facilities;
group
means group as defined in Article 2, point (11), of Directive 2013/34/EU of the European Parliament and of the Council;
intragroup transaction
means a transaction relating to wholesale energy products entered into with a counterparty which is part of the same group provided that both counterparties are included in the same consolidation on a full basis;
lifecycle event
means any modification, cancellation, correction, early termination or, where applicable, execution of any trade, order to trade, matched or unmatched, or bilateral contract related to wholesale energy products;
low-carbon hydrogen
means low-carbon hydrogen as defined in Article 2, point (11), of Directive (EU) 2024/1788;
nomination
means:
non-standard contract
means a contract concerning any wholesale energy product that is not admitted to trading at an OMP;
OTC
means any transaction carried out outside an organised marketplace;
production unit
means a facility for generation of electricity made up of a single generation unit or of an aggregation of generation units;
redispatching
means redispatching as defined in Article 2, point (26), of Regulation (EU) 2019/943;
renewable hydrogen
means hydrogen qualifying as biogas as defined in Article 2, point (28), of Directive (EU) 2018/2001 of the European Parliament and of the Council, and hydrogen qualifying as renewable fuels of non-biological origin as defined in Article 2, point (36), of that Directive;
standard contract
means a contract concerning a wholesale energy product that is admitted to trading at an OMP;
storage facility
means:
trade-matching system
means a system that facilitates the matching of orders to trade in wholesale energy products and where the conclusion of the transaction takes place outside of the trade-matching system;
transaction
means any trade and order to trade, matched or unmatched, or bilateral contract and its execution related to wholesale energy products, including any lifecycle event of such trade, order to trade or bilateral contract;