Why are all delivery points included in CpML enrichment?
Users of the CMS have a few options when using the market in CpML:
- Include their own data in the FinancialDelvieryInformation section in the input CpML; or
- Omit this section from the input CpML file they send to eRR, in which case eRR will enrich the file with this section – if this is the case then the following applies (taking the Italian market as an example):
If you prefer to allow eRR to do the enrichment then eRR will include all the delivery points in the Italian electricity market including, but not limited to 10YIT-GRTN-----B as can be seen in the enriched CpML file generated by eRR.
The reason for this is that eRR looks up the market (IT) from the commodity reference value in the CpML (i.e. ELECTRICITY-PUN-DAY-AHEAD-HOURLY-IPEX) and then looks up the EIC codes for that market, meaning that for an Italian market commodity reference all Italian electricity EIC Y-codes will be included. The reason for this is that it is not always clear where in a market the notional delivery would be, hence the general approach by eRR to add all codes for a market.
Under REMIT the Delivery Point Area field is a repeatable field, since ACER know that sometimes it is not certain where in a market the notional delivery occurs and so allow for multiple EIC codes. So this approach works for REMIT reporting. Under EMIR the latest changes (Level 3) which came into effect in Q3 2017, the field is defined as repeatable, as in the case of REMIT.