Acer opened the Agency’s REMIT Information System (ARIS) for submission of market data at 12 noon today, 5 October 2015, ahead of the entry into application, on 7 October 2015, of the reporting obligation for wholesale energy market transactions, including orders to trade, executed at organised market places. Registered Reporting Mechanisms (RRMs) can therefore already start to upload existing wholesale energy contracts. The first reports from RRMs have already been received.
The data reporting obligation under EU Regulation on wholesale energy market integrity and transparency (REMIT) will apply from 7 October 2015 and reporting parties will have to provide records of wholesale energy market transactions, including orders to trade, executed at organised market places to the Agency. ACER will collect the data for assessing and monitoring wholesale energy markets in order to detect and prevent trading based on inside information and market manipulation.
The current deadline for data reporting under REMIT concerns market participants and third parties reporting on their behalf who will have to begin the reporting of transactions in wholesale energy contracts admitted to trading at Organised Market Places and fundamental data from the ENTSOs’ central information transparency platforms.
The registration of Registered Reporting Mechanisms (RRMs) began already earlier in 2015. Currently 30 third party reporting parties for the first phase of reporting are registered and ready to start to report data to the Agency.
Specific information about the data reporting requirements can be found on the REMIT Portal.