Template:M summ EUA Annex (d)(ii): Difference between revisions

We are beginning to understand why. So real European “operators” — those who belch hot air into Mediterranean skies, as they generate energy from their coal-fired power-stations — must pay their european overlords for the privilege of doing so. They must do this by 20 April in each year — the so called Reconciliation Deadline. If they are late in surrendering their carbon allowances, such that they have emitted more carbon than they have, in effect, paid for, they can become liable to pay {{euaprov|Excess Emissions Penalties}} under the EU ETS directive. This is something like EUR100 per tonne of uncertificated carbon.

Dabei, if you as a ''counterparty'' to such an operator, are not able, without fair excuse, to deliver the {{euaprov|EUA}}s you owe that operator, and as a result the operator misses its {{euaprov|Reconciliation Deadline}}, you must pay compensation. This is translated through to your Allowance Transactions ''as long as you remember to apply {{euaprov|EEP}}, and an {{euaprov|EEP Risk Period}}, in your Confirmation''.