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  1. Questions and Answers on MiFID II and MiFIR commodity derivatives topics (ESMA70-872942901-36) (updated 23 September 2022)
  2. 7 Other issues [Last update: 04/01/2019]
  3. Question 1 How should the field "Price Multiplier" (field 25 of Table 3 of the Annex of RTS 23) be populated for electricity derivative contracts? [Last update: 04/01/2019]
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Version date: 4 January 2019 - onwards

Question 1 How should the field "Price Multiplier" (field 25 of Table 3 of the Annex of RTS 23) be populated for electricity derivative contracts? [Last update: 04/01/2019]

RTS 23

Should economically equivalent contracts traded on a third-country venue be considered EEOTC for position limit and position reporting purposes under MiFID II?

Answer 1

When reporting an electricity derivative contract, i.e. where Base product (field 35 of Table 3 of the Annex of RTS 23) is equal to "NRGY" and Sub product (Field 36 of Table 3 of the Annex of RTS 23) is equal to "ELEC", a trading venue should report a value in MWh which is equal to the number of relevant hours of delivery during the delivery period, multiplied by the lot size in MW.

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