Data Collection at ACER
ACER is mandated by REMIT to monitor the trading activity of wholesale energy products to detect and prevent market manipulation and trading based on inside information. ACER also collects data to assess and monitor the wholesale energy markets.
The European Commission's Implementing Acts (2015), provide specifications on how ACER should collect the data, the data reporting obligations, as well as the timeline of implementation.
At ACER, the data collection process is managed by the Market Integrity and Transparency (MIT) department, and is based on five pillars:
Registration of market participants
Registration of reporting parties
Data reporting management
Data quality analysis of collected data
Inside Information collection and disclosure
A brief historic introduction
The data collection process started on 7 October 2015, following this implementation timeline:
of REMIT (25 Oct 2011)
of REMIT Implementing Acts (17 Dec 2014)
into force of REMIT Implementing Acts (7 Jan 2015)
of RRM registration (8 Jan 2015) with publications of Manual of Procedures on
Data Reporting, RRM requirements, List of OMPs and TRUM
of MP registration (17 Mar 2015) with publications of European Register of
Market Participants and List of Standard Contracts
of data collection of OMP contracts and ENTSO’s fundamental data (7 Oct 2015)
of backloading of
outstanding OMP contracts (5 Jan 2016)
of data collection of all reportable trade and all fundamental data (7 Apr
of backloading of
outstanding OTC standard, OTC non-standard and transportation contracts (6 Jul
of collection of inside information web feeds (date TBD).
Since January 2015, ACER has been regularly publishing and updating three reference data lists:
List of Organised Market Places
List of contracts offered to trading by Organised Market Places - standard contracts
List of approved Registered Reporting Mechanisms (RRMs)
Periodic updates on the data collection process are provided in the REMIT Quarterly publication.