Market surveillance

​​​​​​ACER is in the unique position to carry out the market surveillance of the European wholesale energy markets. It is committed to notifying all potential instances of market abuse to the National Regulatory Authorities (NRAs) for their investigation and enforcement.

Through its market surveillance activities, ACER contributes to trustworthy market outcomes that are in the interest of European energy consumers​.

A unique position in Europe
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How to submit questions related to REMIT?

How to submit questions related to REMIT?

REMIT Questions

Stakeholders can submit any REMIT-related questions that are not addressed in the existing documentation via the online REMIT Query Form.

Questions related to the registration of market participants should be addressed to the relevant national regulatory authority (NRA). ​

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How to register as a registered reporting mechanism?

How to register as a registered reporting mechanism?

RRM Registration

Registered Reporting Mechanisms (RRMs) report trade and/or fundamental data directly to ACER under REMIT. 

RRMs must comply with the technical and organisational requirements for the reporting of data defined in the RRM Requirements document, and are registered by ACER to provide the service of reporting.

The process on how to register an RRM is described in the RRM Require​ments.

Before initiating the registration process, please carefully read all the information to understand the requ​irements the RRMs have to fulfil.

As of 2021, the reporting services are subject to fees charged by ACER to RRMs.

 

 

 

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How to notify use of REMIT obligation exemptions?

How to notify use of REMIT obligation exemptions?

Exemption Notification

Market Participants are obliged to notify the Agency and the relevant National Regulatory Authority (NRA) when applying certain exemptions of REMIT, and should use the Notification platform application​ to fulfil their notification obligations on the delayed disclosure of inside information or the coverage of an immediate physical loss resulting from unplanned outages. 

The REMIT Guidance​  desc​ribes the scope of application of these exemptions.

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How to report suspicious behaviour?

How to report suspicious behaviour?

What if I suspect a REMIT breach?

Persons professionally arranging transactions in wholesale energy products, (like organised market places and trade-matching systems) have the legal obligation to monitor their operating platforms to identify market abuse behaviours. In case of any reasonable suspicion, the national regulatory authority should be informed with no delay.​

If you suspect there has been a breach of REMIT, relating to either market abuse in wholesale energy products or to another type of breach, do not hesitate to report this through the Notification Platform.
 

Need help with the notification platform? 

Consult the manual.

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REMIT for you

​​​​​Ensuring market transparency and integrity under REMIT works best if all parties involved can offer their contribution.

For this purpose, the 'REMIT for you' section provides direct access to the platform for notifying potential REMIT breaches, notifying the use of REMIT exemptions, for submitting questions on REMIT, or on registering as Registered Reporting Mechanism (RRM) or Inside Information Platform (IIP).

 

REMIT for you
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REMIT Fees

​​​​​The recast of the ACER Regulation included in the Clean Energy Package introduces REMIT fees in order to support ACER in undertaking its REMIT activities and the provision of its services to market participants. ​

The size of the REMIT fees, and the way in which they are to be paid, were determined by the European Commission (EC). The EC launched the relevant public consultation on 8 June 2020.

The European Commission’s decision was adopted on 17 December 2020 and applies as of 1 January 2021. The collection of REMIT fees started in 2021.

For further information please visit the REMIT fees section on the REMIT Documents page.

The new scheme
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REMIT periodic reports

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​​​​​​ACER is committed to sharing knowledge and first-hand experience with relevant stakeholders and interested parties. 

​ACER communicates the relevant information via dedicated REMIT publications: ​

Sharing knowledge and first-hand experience

​First published in March 2015, the REMIT Quarterly is ACER's main channel of communication with stakeholders on REMIT-related matters. It primarily provides updates on ACER's activities, as well as guidance on the application of the REMIT framework and data reporting.

The REMIT Quarterly also reports any assessments of the operation and transparency of different categories of organised market places and ways of trading, in accordance with Article 7(3) of REMIT.

The REMIT Quarterly is published each quarter on ACER's REMIT Documents page. ​

​In accordance with Article 7(3) of REMIT, ACER shall assess on an annual basis the operation and transparency of different categories of organised market places (OMPs) and ways of trading.

The REMIT Annual Report was discontinued in 2017. Ever since, ACER reports its transparency assessments through the REMIT Quarterly instead.​

REMIT quarterly
REMIT Quarterly
REMIT Annual Reports
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Cost-Benefit Analysis and Interlinked Model

Cost-Benefit Analysis and Interlinked Model

What is it about?

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The ENTSOs' Cost-Benefit Analysis (CBA) methodologies should allow a neutral comparison between the costs of infrastructure projects with their expected benefits, in order to inform decision-makers. The CBA methodologies are useful tools for assessing the projects' merits, and therefore guiding the PCIs selection process first; and later the NRAs to take decisions on investment requests and cross-border cost allocation.

The ENTSOs have also presented an interlinked electricity and gas market and network model which should be incorporated as a future part of the CBA methodologies. A truly interlinked model will allow to study the electricity and gas energy system and network development options in a holistic way and capture the interdependencies between both sectors, leading to a more efficient network planning. The implementation of an ambitious interlinked model has gained momentum given that energy sector integration ranks high in the European agenda.​

Cost-Benefit Analysis and Interlinked Model

What's the role of ACER?

ACER provides Opinions on each draft cost-benefit analysis methodologies developed by the ENTSOs, as well as the interlinked model, and may request the process for CBA updates.​​​​

Cost-Benefit Analysis and Interlinked Model

Unit Investment Cost

ACER provides a cooperation framework for NRAs to establish and publish a set of indicators and corresponding reference values for the comparison of unit investment costs for projects of gas and electricity infrastructure, which could be used in CBA analysis.​

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Security of Supply

Security of Supply

Security of Supply

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The projects of common Interest naturally contribute to enhance the security of the European gas supply. The degree of this contribution is assessed with the help of the cost-benefit analysis methodology. 

Under the European regulation on security of gas supply, ACER is mandated to decide on CBCA reverse flow projects, to issue Opinions on exemption requests and on the elements of coordinated decisions taken by national authorities, as well as to participate in the Gas Coordination Group. 

In its opinions on the cost-benefit methodology for gas​, ACER advises on how to improve specific issues connected with security of supply.

To better identify the benefits of a stable gas supply, ACER has carried out a dedicated study on the cost of disrupted gas supply (CoDG). 

​​​​The study provides findings and suggestions for establishing a baseline of negative impact against which the merits of a project or “soft measure" can be assessed.

The study is accompanied by a “calculator" assessing the potential negative consequences of interrupted gas supply.

 

Security of Supply

Summer & winter outlooks

ACER is mandated to monitor the short-term gas supply outlooks published by ENTSOG for both winter and summer periods.

The summer outlook examines the potential evolution of the gas supply as well as the ability of the gas infrastructures to meet the demand, exports, and the storage injection needs during the summer.

The winter outlook assesses the storage levels before the winter season begins and uses simulations to assess the flexibility of gas infrastructure to dispatch gas supply to meet demand during the winter.

Security of Supply

Gas storages

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gas storage

Gas storages play an important role in the European gas system as they supply up to 25-30% of the total gas consumed in the Union during winter. The energy crisis which followed Russia’s invasion of Ukraine in February 2022 underscored the importance of having adequately filled gas storages across Europe to enhance the preparedness for potential gas supply disruptions.

ACER, based on information provided by NRAs, periodically reviews and reports on national gas storage regulations.

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