#ECOR2613931ACitigroup Authorized to Buy Electricity for Resale to Grid Operators
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Citigroup Global Markets Limited is authorized to buy electricity and resell it to network operators to cover their grid losses. The authorization applies to CGML’s activity under France’s energy rules for electricity resale.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Authorizes Citigroup Global Markets Limited to buy electricity for resale
- Limits the resale activity to network operators covering grid losses
- Subjects CGML to France’s existing energy code rules for electricity resale
Obligations
What this law requires
Citigroup Global Markets Limited may conduct electricity purchase-for-resale activity in France only under the ministerial authorization granted for resale to network operators covering their grid losses.
Citigroup Global Markets Limited must comply with the requirements applicable to authorized electricity purchase-for-resale operators under Articles L.333-1 et seq. and R.333-1 to R.333-16 of the French Energy Code.