Update of the Additional Rules applicable for long-term allocation under JAO on the BritNed Interconnector

Dear Market Participants,

We would like to inform you that we had to update the Additional Rules for BritNed Long Term Auctions as we noticed a variance from the HAR in force due to a missed update on our side during the latest review.

The below modifications were introduced :

If the Allocation Platform gives a notice to a Registered Participant under paragraph 1 or 2 of this Article, such notice of suspension does not relieve the Registered Participant from its payment obligations under CHAPTER 10, including its payment obligations in relation to the Long Term Transmission Rights for which the Registered Participant loses the right of use pursuant to paragraph 2. For the avoidance of doubt and only in the event of a suspension in accordance with Article 70 paragraph 1 (e), the Registered Participant is entitled to receive all or part of the amount paid of the original product. The Allocation Platform shall perform the return of the amount paid for the original product following the approval of the transfer by the Allocation Platform’s banking partner.

Please let us know if you have any questions and we are sorry for the confusion.

Best regards,

JAO Operations Team