Do virtual power plants (VPP) have the obligation to disclose inside information under REMIT?
Answer: A VPP is an aggregator that pools the capacities of various decentralised electricity resources to enter into transactions in the wholesale energy markets.
Virtual power plants typically do not own generation facilities. But, in certain arrangements, the VPP may control or be responsible for the operational matters of the facilities pooled under the VPP. Depending on the business case, a VPP may fall under Article 4 obligations of REMIT.
In case the VPP’s IT platform breaks down (responsible for pooling and dispatching resources), the responsibility to assess the need to disclose this information under Article 4 of REMIT always lies with the VPP.