This Q&A document contains a summary of frequently asked questions about Regulation (EU) No 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency (REMIT) and the Agency for the Cooperation of Energy Regulators’ (The Agency’s) answers to those questions. Many of the questions were asked during the past years by market participants and other stakeholders. The Q&A document is directed to the public but in no way provides a legal interpretation of REMIT.
After the entry into force of Commission Implementing Regulation (EU) No 1348/2014 (EU), 7 January 2015, the Agency updated this Q&A on an almost monthly basis. The monthly updates covered all questions of a general nature sent to the Agency’s functional mailboxes or via the online REMIT query form available at https://support.acer-remit.eu/forms/remit-query-form. Since the end of 2016 the number of questions received by the Agency has been decreasing and it is clear that the need for regular updates has diminished. Going forward, the Agency will update the Q&A document based on necessity to provide clarity to the market. The Agency will continue its policy of only answering individual queries in exceptional cases.
The Agency also publishes Guidance to assist National Regulatory Authorities (NRAs) in carrying out their tasks under REMIT in a coordinated and consistent way. The Guidance is updated from time to time to reflect changing market conditions and the experience gained by the Agency and NRAs in the implementation of REMIT, including through the feedback of market participants and other stakeholders.
Market participants should bear in mind that they have to comply with the obligations and the prohibitions established in REMIT. The Agency recommends that in complying with REMIT, market participants should make their own research and set up a compliance system.
The Q&A document serves as guidance to REMIT stakeholders and does not constitute a binding legal interpretation of REMIT.
All REMIT related documents are published on the ACER website at https://www.acer.europa.eu/remit-documents.
ACER Guidance on the application of Regulation (EU) No 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency (ACER Guidance on the application of REMIT), available at: Guidance on REMIT – documents (acer-remit.eu)