Recital (14) · Commission Implementing Regulation (EU) 2026/256

(14)Article 8(4), point (d), of Regulation (EU) No 1227/2011, which sets out the entities that are to provide information on wholesale energy market transactions makes a distinction between OMPs and trade-matching systems. A trade-matching system facilitates the entering into transactions by allowing the matching of orders to trade wholesale energy products. Some trade-matching systems facilitate the matching of orders that are placed across different OMPs, including also through the so-called system-generated orders. By way of example, the Single Intraday Coupling (‘SIDC’) introduced by Commission Regulation (EU) 2015/1222^note is a trade-matching system that connects two or more OMPs. Although trade-matching systems that are connecting two or more OMPs are not to be considered OMPs, they generate information which should be reported by OMPs under Regulation (EU) No 1227/2011 and which is required for effective market surveillance purposes. For example, in the case of the SIDC, a trade-matching system algorithm optimises the cross-border allocation of capacity by aggregating all orders submitted by market participants via the individual Nominated Electricity Market Operators (‘NEMOs’), which are considered OMPs under Regulation (EU) No 1227/2011, while considering the limitations imposed by the available cross-border capacity. Through that algorithm, the SIDC system facilitates the matching of orders across multiple NEMOs. The individual OMPs do not always possess the additional information generated in the context of that matching process. Thus, in the specific case of a trade-matching system connecting two or more OMPs, in order to allow the OMPs to fulfil their reporting obligations under Regulation (EU) No 1227/2011, that additional information that is generated at the level of the trade-matching system should be reported to the Agency, either by the operator of the trade-matching system, upon request by and on behalf of the OMPs, or by the relevant OMPs provided the requested information is made available to them by the operator of the trade-matching system. However, the requested information at the level of trade-matching systems should not go beyond the information on transactions as defined in Regulation (EU) No 1227/2011. Once requested, the information should be reported to the Agency on a continuous basis.

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

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;