REMIT News: outcome of roundtables 2021, new Q&A and new open letter published
"The roundtable meetings included lively discussions on REMIT activities, the relevance of present and future challenges, and the next steps to be taken"
The EU Agency for the Cooperation of Energy Regulators (ACER) has published the outcome of the 2021 roundtable meetings on REMIT data reporting, the 26th edition of the Questions and Answers (Q&As) on REMIT, and an "Open Letter on the extension of the possibility to disclose inside information through corporate websites as a backup solution in case of platform unavailability".
Outcome of the 2021 roundtable meetings on REMIT data reporting
ACER has published the minutes of the latest roundtable meetings – held virtually on 16 and 18 November 2021 – with representatives from organised market places, registered reporting mechanisms, inside information platforms and associations of energy market participants. The minutes reflect the lively discussions on the accomplishments related to REMIT activities, the relevance of present and future challenges, and the next steps to be taken.
The REMIT roundtable meetings –usually held once a year – allow ACER and stakeholders to check in on the state of play of REMIT-related topics and report, discuss and consult on any outstanding issues. The recent meetings were, in particular, an opportunity for ACER to share the latest updates on REMIT data collection, as well as to discuss the ongoing consultation on the updated versions of the transaction reporting guidance and the electronic schemas.
New edition of Q&As on REMIT
ACER also publishes today the 26th edition of the Q&As on REMIT. It contains the most up-to-date information on REMIT policy issues and it is the result of cooperation with national regulatory authorities (NRAs). It contains new information on the registration of market participants under REMIT, as well as an update on the adoption of backup solutions when dealing with the disclosure of inside information. The Q&As reflect the discussions held with stakeholders during specific events – such as webinars and roundtable meetings – as well as interactions via the REMIT Query form.
New open letter on disclosing inside information
The newly published open letter on the extension of the disclosure of inside information through corporate websites as a backup solution in case of platform unavailability announces ACER’s decision to extend – until 31 December 2022 – the possibility for market participants to publish inside information on their own corporate website as a backup solution.
The decision was triggered by the monitoring of the relevant requirements, consultations with the NRAs, and discussions with market participants during the roundtable meetings 2021. The ACER Guidance on the application of REMIT stipulates that in case an inside information platform (IIP) is temporarily unavailable, a market participant shall refer to a backup solution provided by the IIP. As indicated in the Open Letter, such an exceptional condition may apply only insofar as the website used as a backup solution fulfils the relevant minimum data quality requirements in accordance with the ACER Guidance on REMIT.