PC_2024_R_01 - Public consultation on the revision of the Annex of the REMIT Implementing Regulation

Status
Closed
Open:
28.06.2024
Close:
16.09.2024
Policy area
REMIT
Audience
National regulatory authorities, market participants, organised marketplaces, inside information platforms, registered reporting mechanisms, academics, think tanks, civil society and all interested or affected parties.

Overview

On 7 May 2024, the revised REMIT Regulation (Regulation on Wholesale Energy Market Integrity and Transparency) came into force. As part of this update, the European Commission was tasked to revise the REMIT Implementing Regulation to define new data reporting requirements by 8 May 2025. To aid this revision and inform the Commission’s decision process, ACER is launching a public consultation from today until 16 September 2024.

What is the Annex of the REMIT Implementing Regulation?

The Annex is part of the Implementing Regulation, which aims to ensure uniform implementation of the legislation across all EU Member States.

It is divided into four tables, each specifying the data reporting obligations for:

Why we are consulting

Since the introduction of the first REMIT Regulation in 2011, the EU wholesale energy market has undergone significant changes and also witnessed an energy crisis. To enhance protection against market manipulation and to ensure effective market surveillance, amending REMIT has been crucial. The revised REMIT (2024) brought significant changes to data reporting obligations.

Following this revision, ACER has received numerous queries from stakeholders seeking clarification on specific aspects of the REMIT Implementing Regulation, particularly concerning its Annex, which outlines the types of information to be reported to ACER.

To address this topic, ACER is launching a public consultation to gather stakeholders’ input on its proposal on data collection.

Consultation documents

Next steps

The public consultation will run from 28 June 2024 until 16 September 2024.

Based on the feedback received, ACER aims to publish an Evaluation Report by mid-October 2024.