With regard to the reporting of data as of 7 April 2016, would the Agency recommend market participants to start the RRM registration process in order to report their own data or to use reporting services of already registered RRMs?
Answer: Please note that all entities reporting data to the Agency should be registered as RRMs. In order to decide whether to become an RRM and report its own data or use an already registered RRMs the market participant should take into account the complex and detailed process of RRM registration and consider the application of REMIT fees according to the REMIT Fee Decision. Please note that the registration as an RRM is not a unique exercise, but being an RRM will require the market participant to comply with the Agency’s RRM requirements on an ongoing basis and to adapt to future upgrades of the Agency’s REMIT Information System and changes of the transaction reporting regime. Therefore, the Agency strongly recommends market participants to report their data through already registered RRMs. The list of already registered RRMs is accessible at https://www.acer-remit.eu/portal/list-of-rrm.