Is JAO considered an Organized Market Place (OMP) and what services does JAO offer under REGULATION (EU) No 1227/2011 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on wholesale energy market integrity and transparency (REMIT regulation)?

JAO does not qualify as an OMP as JAO’s obligations arise via a service level agreement for explicit auctions by TSOs to act as third party on their behalf. JAO’s obligation and services are as Persons Professionally Arranging Transactions (PPAT) in wholesale energy products under Article 15 of the REMIT regulation.

JAO is a Registered Reporting Mechanism (RRM) with reporting obligations only to TSOs. We do not report on behalf of the market participants.

Refer also to the contract reporting details in article 3(1) (b) (i) of COMMISSION IMPLEMENTING REGULATION (EU) No 1348/2014.