The Futures and Options Association (now FIA) in 2004 published the latest version of the Grid Trade Master Agreement (GTMA), which is a standard agreement for bilateral trading of UK electricity. It can be supplemented by the Options Annex to the GTMA. In 2005, the FOA (now FIA) also published a standard agreement for trading Renewables Obligation Certificates (ROCs) in the UK – the ROC Trading Master Agreement (ROCTMA).
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