ACER narrows premises for disclosing REMIT inside information on market participant's own websites
- Category: REMIT
Market participants may disclose REMIT inside information on their own website either as a fall-back option or simultaneously to a disclosure of inside information through an inside information platform, however, the updated regulatory guidelines appear to treat the publication of inside information on the market participant's own website as an interim measure, allowed only under multiple conditions and unless otherwise specified.
Public disclosure interlinkages between Electricity Market Transparency Regulation, Regulation No 714/2009 and REMIT
- Category: REMIT
Relation of the Electricity Market Transparency Regulation to the Regulation No 714/2009 and REMIT may rise some doubts as all the regulations mentioned lay down specific requirements on publishing data on the availability of networks, capacities of cross-border interconnectors and generation, load and network outages.
REMIT reporting standards and taxonomies take shape
- Category: REMIT
Standards for the reporting framework as well as the taxonomy of wholesale energy market transactions are currently being decided under REMIT.
Main points of ACER’s 2nd Edition of Guidance on REMIT
- Category: REMIT
The company internal documentation and procedures on definitions of roles and responsibilities in the organisation (e.g. responsibilities for the REMIT requirements (centralised vs. decentralised), internal vs. external reporting lines, internal vs. external interfaces, provision of resources: human/technical IT Systems) resources), as well as the identification/assessment of concrete compliance risks will inevitable be in the first place the subject of the detailed scrutiny and examination of the relevant authorities in case of any suspected REMIT non-compliance.
 Best practice example of Urgent Market Messages UMM pursuant to ACER Guidelines, | [ ] | 29 kB |
Connection agreements considered a reportable fundamental data item under the REMIT Regulation
- Category: REMIT
Classifying connection agreements as REMIT fundamental data item is not obvious and does not follow literally from the regulatory language. However, if such classification is correct, the electricity generators should immediately include such data in their REMIT reports.
Reporting for non-standardised wholesale energy market contracts under REMIT framework pursuant to ACER guidelines
- Category: REMIT
Reporting for non-standardised wholesale energy market contracts under REMIT Regulation will not be an easy task for market participants.
Given the non-standardised contracts are to be reported to ACER directly by market participants (and not by trading venues), the former are allowed more time for contract verification against reporting schedule. The one-month period seems to be sufficient for such an assessment even when it comes to complex and complicated contracts. Moreover, mandatory submitting to the ACER the pdf file of the entire contract enables additional examination of the contract by ACER services.