27.08.2020

Reminder: Invitation for registration

HETS Operator's Registry

The go-live date of the Balancing Market, 17th September 2020, is approaching. We would like to remind you that for those of you who are already registered with the Participants’ Registry of IPTO (for the current market) you are already considered as temporarily registered in the IPTO Registry for the new market.

 

However, in order to keep the status of temporarily registrered participant, it is required that, by 15th September 2020, (a) you have a Clearing Account with the Clearing House as a Direct Clearing Member or via a General Clearing Member and (b) you have submitted the required guarantees in accordance with the Grid Code. Otherwise, you will be removed from the IPTO Registry and you will not be able to participate in the Balancing Market neither in the DAM-IDM Markets. Regarding the guarantees provisioned in the Grid Code, the calculation methodology is under public consultation by the Regulator. You will be informed about the required amount as soon as the above methodology is approved.

 

Additionally, you are obliged to submit an application for registration in the IPTO Registry, until 30th November 2020, as set forth in Technical Decision “Procedures for Registration in the HETS Operator Registry” (attached document). Otherwise, you will be removed from the IPTO Registry and you will not be able to participate in the Balancing Market neither in the DAM-IDM Markets.

 

In more detail regarding the registration procedure in IPTO Registry, according to article 121 of the Balancing Market Rulebook, the following apply:

 

Traders

  1. Traders who are already registered with the participants’ register of IPTO (for the current market) are considered to:

a)    be temporarily registered in the Balance Responsible Parties Registry,

b)    unreservedly accept the provisions of the Balancing Market Rulebook and the Grid Code and the Methodologies, parameters and other special approvals, Technical Decisions and Manuals issued in accordance therewith, as amended each time and in force, and they are bound to comply with their content,

c)    conclude ipso jure a Balance Responsible Party Contract,

d)    conclude ipso jure a IPTO Transaction Contract, in accordance with the provisions of the Grid Code,

  1. The Traders temporarily registered in the IPTO Registry in accordance with paragraph 1, shall be ipso jure deleted from the IPTO Registry, if, by 15th September 2020, (a) no certificate from the Clearing House has been submitted by the Clearing House to the IPTO to attest that a Clearing Account has been created for the Participant as a Direct Clearing Member or a Clearing Account for the Participant as a General Clearing Member and/or (b) no guarantees have been submitted in accordance with the Grid Code. Upon deletion, it shall be deemed that no Balance Responsible Party Contract with the IPTO exists with all the consequences deriving from the lack thereof.
  2. Until 30th November 2020, the participants temporarily registered in the IPTO Registry are obliged to submit an application for registration in the IPTO Registry, as set forth in Technical Decision “Procedures for Registration in the HETS Operator Registry”. IPTO shall proceed to permanently register in the IPTO Registry the temporarily registered participants that will have submitted a complete application for registration by 31st January 2021 and shall issue a certificate of registration. If no application for registration has been submitted within the above deadline, the temporarily registered participant shall be deleted ipso jure from the IPTO Registry and the Balance Responsible Party Contract and the IPTO Transactions Contract shall be terminated as from the day following the expiration of the deadline, with all the consequences deriving from such termination.

 

Customer Suppliers

  1. Suppliers who are already registered with the participants’ register of IPTO (for the current market) are considered to:
  1. be temporarily registered in the Balance Responsible Parties Registry,
  2. unreservedly accept the provisions of the Balancing Market Rulebook and the Grid Code and the Methodologies, parameters and other special approvals, Technical Decisions and Manuals issued in accordance therewith, as amended each time and in force, and they are bound to comply with their content,
  3. conclude ipso jure a Balance Responsible Party Contract,
  4. conclude ipso jure a IPTO Transaction Contract, in accordance with the provisions of the Grid Code,
  1. The Suppliers temporarily registered in the IPTO Registry in accordance with paragraph 1, shall be ipso jure deleted from the IPTO Registry, if, by 15th September 2020, (a) no certificate from the Clearing House has been submitted by the Clearing House to the IPTO to attest that a Clearing Account has been created for the Participant as a Direct Clearing Member or a Clearing Account for the Participant as a General Clearing Member and/or (b) no guarantees have been submitted in accordance with the Grid Code. Upon deletion, it shall be deemed that no Balance Responsible Party Contract with the IPTO exists with all the consequences deriving from the lack thereof.
  2. Until 30th November 2020, the participants temporarily registered in the IPTO Registry are obliged to submit an application for registration in the IPTO Registry, as set forth in Technical Decision “Procedures for Registration in the HETS Operator Registry”. IPTO shall proceed to permanently register in the IPTO Registry the temporarily registered participants that will have submitted a complete application for registration by 31st January 2021 and shall issue a certificate of registration. If no application for registration has been submitted within the above deadline, the temporarily registered participant shall be deleted ipso jure from the IPTO Registry and the Balance Responsible Party Contract and the IPTO Transactions Contract shall be terminated as from the day following the expiration of the deadline, with all the consequences deriving from such termination.

 

Producers

  1. Those who are already registered with the participants’ register of IPTO (for the current market) are considered to:
  1. be temporarily registered in the Balancing Service Providers Registry and the Balance Responsible Parties Registry,
  2. unreservedly accept the provisions of the Balancing Market Rulebook and the Grid Code and the Methodologies, parameters and other special approvals, Technical Decisions and Manuals issued in accordance therewith, as amended each time and in force, and they are bound to comply with their content,
  3. conclude ipso jure a Balancing Service Contract and a Balance Responsible Party Contract,
  4. conclude ipso jure a IPTO Transaction Contract, in accordance with the provisions of the Grid Code,
  1. The Participants temporarily registered in the IPTO Registry in accordance with paragraph 1, shall be ipso jure deleted from the IPTO Registry, if, by 15th September 2020, (a) no certificate from the Clearing House has been submitted by the Clearing House to the IPTO to attest that a Clearing Account has been created for the Participant as a Direct Clearing Member or a Clearing Account for the Participant as a General Clearing Member and/or (b) no guarantees have been submitted in accordance with the Grid Code. Upon deletion, it shall be deemed that no Balancing Service Contract and no Balance Responsible Party Contract with the IPTO exists with all the consequences deriving from the lack thereof.
  2. The Dispatchable Units, registered in the Units Registry of Decision No. 57/2012 of RAE shall be automatically registered in the Balancing Market Units Registry. For these Units no preselection tests shall be carried out for their already registered Technical Characteristics. The technical characteristics that have not been tested shall be first declared by the Balancing Service Provider, no later than 1st August 2020, while the relevant tests must be carried out within a period of one (1) year from the entry into force of the Balancing Market Rulebook.
  3. Until 30th November 2020, the participants temporarily registered in the IPTO Registry are obliged to submit an application for registration in the IPTO Registry, as set forth in Technical Decision “Procedures for Registration in the HETS Operator Registry”. IPTO shall proceed to permanently register in the IPTO Registry the temporarily registered participants that will have submitted a complete application for registration by 31st January 2021 and shall issue a certificate of registration. If no application for registration has been submitted within the above deadline, the temporarily registered participant shall be deleted ipso jure from the IPTO Registry and the Balancing Service Contract, Balance Responsible Party Contract and the IPTO Transactions Contract shall be terminated as from the day following the expiration of the deadline, with all the consequences deriving from such termination.

 

More details on the registration procedure can be found in IPTO’s web site (https://www.admie.gr/en/market/participation/procedure).

If you have any queries regarding the registration procedure please contact Mrs. Koutsoula Evdoxia ekoutsoula@admie.gr and Mrs. Spiriouni Panagiota pspiriouni@admie.gr.