Transaction Reporting User Manual (TRUM)

Article 7 of Regulation (EU) No 1227/2011 (REMIT) stipulates that the Agency for the Cooperation of Energy Regulators (‘the Agency‘) shall collect the data for assessing and monitoring wholesale energy markets as provided for in Article 8 of REMIT. The Agency shall ensure operational reliability of the information received pursuant to Article 8 of REMIT and it shall take all necessary measures to prevent any misuse of, and unauthorised access to, the information maintained in its systems as provided for in Article 12(1) of REMIT.

Pursuant to Article 8(1) of REMIT, market participants, or third parties on their behalf, shall provide the Agency with a record of wholesale energy market transactions. The European Commission shall, by means of Implementing Acts, adopt uniform rules on the reporting of records of transactions, including orders to trade (‘transaction data’) pursuant to Article 8(2) of REMIT.

According to the REMIT Implementing Regulation adopted by the Commission on 17 December 2014 as Commission Implementing Regulation (EU) No 1348/2014, the Agency shall explain the details of the reportable information in relation to standard and non-standard contracts for the supply and transportation of electricity and gas in a user manual and after consulting reporting parties make this user manual available to the public upon the entry into force of the REMIT Implementing Regulation. On this basis, the Agency has prepared this Transaction Reporting User Manual (hereinafter: TRUM).

On 31 March 2014, the Agency launched a first public consultation on the TRUM which was open until 5 May 2014. The first public consultation document was prepared on the basis of the draft REMIT Implementing Regulation presented by the Commission in October 2013 and it also took into account the feedback received during the Agency’s public consultation on Technical Standards in spring 2013.

Following the end of the first consultation, the Agency further elaborated the TRUM, taking into account the input received during the first consultation in spring 2014. On 22 July 2014, the Agency launched a second public consultation on the TRUM which was open until 2 September 2014. The second public consultation document was prepared on the basis of the draft REMIT Implementing Regulation presented by the Commission in July 2014.

An ACER staff working document version was published on 9 December 2014 and presented in a public workshop on 10 December 2014.

The TRUM focusses primarily on providing guidance on how to report Wholesale Energy Products. It is important to note that the technical and organisational requirements to be fulfilled by market participants or third parties reporting on their behalf in order to register with the Agency have been addressed separately in the Requirements for Registered Reporting Mechanisms (RRMs). Furthermore, please refer to the Manual for Procedures on Transaction and Fundamental Data Reporting for details on how to report transaction and fundamental data. Further information on how to comply with the data reporting obligation are available in the Frequently Asked Question (FAQ) document on REMIT Transaction Reporting (hereinafter: FAQ document) and the FAQ document on REMIT Fundamental Data and Inside Information.

This updated version of the TRUM (6.0) includes updates mainly on the reporting of transactions and contracts related to LNG and Power Purchase Agreements (PPAs) in Table 1 and Table 2. In the Contract type data fields in Table 1 and Table 2 (fields 23 and 13 respectively) additional accepted values have been introduced for transactions/contracts related to LNG and PPAs. In addition, the Energy commodity data fields in Table 1 and Table 2 (fields 24 and 14 respectively) have been updated with an additional accepted value ‘LG’ for ‘Liquified natural gas’.

This new edition of the TRUM also includes references to Data Field (41) Total notional contract quantity in Table 1 being mandatory for orders as well.

In addition, the current version of the TRUM includes a new annex, namely Annex VIII, which aims to provide guidance on reporting LNG supply contracts under REMIT.

Reporting parties should bear in mind that the introduction of the new accepted values for the energy commodity and contract type data fields requires the update of the list of accepted values of the relevant fields in the REMITTable1_V3 and REMITTable2 electronic formats. The reporting of the new values will be possible only after ACER and RRMs carry out the necessary technical changes. Nevertheless, TRUM v6.0 and its Annexes already list these as accepted values under the respective data fields in order to facilitate the technical implementation of the reporting parties.

In order to ensure a smooth and timely technical implementation of the introduced changes, ACER will coordinate with the RRMs through the established channels and will inform the reporting parties in due time about the timeline for the go-live of the reporting of the new values in the electronic formats.

With reference to the Annex II to the TRUM, some of the XML trade examples available on the ACER website (REMIT Documents section) might not be fully aligned with the latest provided in TRUM v6.0. In case of potential misalignments, ACER invites reporting parties to use the online REMIT Query Form to seek guidance on the technical implementation at a schema level.

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