Efet General Agreement Electricity

EfET not only promotes regulatory measures to allow the free flow of electricity and gas in a balanced risk environment, but has also developed standard legislation for energy trade. The European Federation of Energy Traders (EFET) was established in 1999 and brings together more than 100 energy distributors in 27 European countries active in the wholesale electricity and gas market. The reason for its creation was the easing of restrictions on the electricity and gas markets in the European Union. 10 Unregulated Market Contracts for the Sale/Sale of Electricity Between: Production Companies Distribution Companies Holding Retail Licenses Eligible Users Wholesale Companies (Authorized Consumption Threshold of 25,000 KwH for 2012) Communication of Contract Quantities to (MFSC/ PMUM) 19 ANALYS UNDER TURKISH LAW Jurisdiction and arbitration in the selection of foreign courts or arbitrations Application of foreign arbitration awards subject to the New York Convention Recommendation: An agreement between two Turkish companies (trade/bilateral agreements): Turkish court Agreement between a Turkish company and a foreign company (cross-border trade): foreign courts, Turkish Court of Arbitration or Court 6 Distribution network distribution and distribution in 21 distribution areas A separate distribution company for each distribution region Privatization process The sole jurisdiction of distributors to sell electricity to ineligible consumers (consumers below the eligible consumption threshold – 25,000 KWh in 2012) until 1st On January 1, 2013, separate corporate entities for distribution and retail ordered legal advice from January 1, 2013. on the applicability of general agreements on power and gas for many European countries available to EFET members. The applicability of the general terms of sale of EFET in each country may vary according to local laws and customs. A list of countries and the cost of obtaining such legal advice are available on the EFET website (www.efet.org). 22 MODIFICATIONS TO ACCORD EFET Article 3.1 The reference to «unless otherwise stated in the electoral ballot» is included in the general agreement and the optional right to the ballot is inserted with respect to Article 3.1; that individual contracts be concluded in writing (furthermore, indicating that the exchange of written confirmations is also considered a written agreement) extension of the definition of the network manager in the general agreement to the market operator in Schedule 1 17 ANALYSIS UNDER TURKISH LAW Contract Turkish Language Requirement under Law No.