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Contract Negotiation

Establish reliable and bankable trading relationships through professionally negotiated agreements.

 

Correggio Consulting supports clients in drafting, negotiating, and implementing Gas and Power Master Agreements, ensuring robust contractual frameworks that meet industry standards and counterparties’ expectations.

Our Services Include

Contractual Needs Assessment

We begin by assessing your trading strategy, counterparties, product scope, and jurisdictional footprint to determine which contractual modules, annexes, and optional provisions are required. This ensures the contract structure fully reflects your commercial and operational needs.

Drafting & Customisation of Master Agreements

We prepare tailored Power and Gas Master Agreements, incorporating the relevant general agreements, appendices, election sheets, credit support documents, and optional clauses. Each contract is adapted to your risk appetite, internal processes, and regulatory environment.

Counterparty Negotiation & Redlining

We lead or support negotiations with trading partners to reach balanced and commercially sound contract terms. This includes redlining, resolving clause-specific disputes, aligning optionality selections, and coordinating legal positions to ensure timely execution without compromising your risk controls.

Credit & Collateral Provisions

Contractual negotiations often hinge on credit risk management. We assist with structuring:

  • Credit support annexes

  • Margining and collateral terms

  • Guarantee mechanics

  • Netting and set-off provisions

  • Default and early-termination rights
    Our focus is on ensuring both creditworthiness and operational efficiency.

Regulatory & Compliance Integration

We ensure your contractual documentation aligns with regulatory regimes such as REMIT, EMIR, MiFID II, and national reporting obligations. This includes embedding required representations, data-sharing provisions, and compliance undertakings to support ongoing regulatory readiness.

Implementation & Contract Lifecycle Management

Once agreements are executed, we support onboarding into your internal systems, creating contract summaries, and integrating operational procedures. We also assist with amendments, supplementary agreements, and updates to reflect evolving commercial activities or regulatory changes.

Agreements Covered

  • European Federation of Energy Traders ("EFET") General Agreements for Electricity and Gas

  • International Swaps and Derivatives Association ("ISDA") Master Agreements     

  • Cross Product Master Agreements ("CPMA")    

  • EFET Master Netting Agreements ("MNA")        

  • Grid Trade Master Agreements ("GTMA")         

  • Levy Exemption Certificates Agreements ("LECs")   

  • Guarantee of Origin Transactions

  • Power Purchase Agreement (PPA)

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