On 25 August 2015, the Electricity Market Regulatory Authority ("EMRA") issued the Communique on Abolishment of Communique on Regulation of Retail Sales Agreements in the Electricity Market, number 29456 and separately issued a decision which outlines a new set of standards for retail sales agreements, to replace the abolished Communique. The decision includes a template agreement, which addresses obligations of the parties during consumer procurement of energy and/or capacity from appointed retail suppliers.
The recent Communique abolishes the earlier Communique on Regulation of Retail Sales Agreements in the Electricity Market number 25212 (published in Official Gazette number 25215 on 31 August 2003).
An EMRA decision (numbered 5716-1) adopted the new standards on 6 August 2015, although the new Retail Sales Agreement template did not enter into force until 25 August 2015.
The newly adopted agreement template determines party obligations during consumer procurement of energy and/or capacity from appointed retail suppliers. The template agreement addresses issues regarding electricity meters and measurement systems, consumption periods, consumption calculation, billing and payment methods. The template agreement provisions reflects provisions contemplated by the Electricity Market Consumer Services Regulation regarding retail sales.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.