3.4 Start of reporting and reporting frequency

3.4 Start of reporting and reporting frequency

Transaction reporting obligations timeline3.4.1. Start of reporting

According to Article 12 of the REMIT Implementing Regulation, the following trade data shall be reported to the Agency nine months following the entry into force of the REMIT Implementing Regulation:

a) details of wholesale energy products in relation to the supply of electricity and gas executed at organised market places, including matched and unmatched orders.

Furthermore, according to Article 12 of the REMIT Implementing Regulation, the following trade data shall be reported to the Agency fifteen months following the entry into force of the REMIT Implementing Regulation:

a) details of wholesale energy products in relation to the supply of electricity and gas which have been concluded outside an organised market;

b) details of wholesale energy products in relation to the transportation of electricity and gas, including options, futures, swaps and other derivatives of contracts relating to the transportation of electricity or natural gas in the Union.

3.4.2. Frequency of reporting

According to the REMIT Implementing Regulation, the following reporting frequency applies for trade data:

a) details of transactions related to standard contracts, shall be reported no later than on the working day following the conclusion of the trade or the placement of the order. Any lifecycle event of the concluded trade or the order placed shall be reported no later than the working day following the lifecycle event;

b) details of non-standard contracts including any lifecycle events of the contract as well as transactions executed within the framework of non-standard contracts specifying at least an outright volume and price shall be reported no later than one month following conclusion or any lifecycle event of the contract;

c) details of contracts relating to the transportation of electricity or natural gas concluded as a result of a primary explicit capacity allocation shall be reported no later than the working day following the availability of the allocation results.

Clarification on the meaning of working days and business days

Working days should be understood as business days rather than the exchange trading days. This implies that bank holidays are not working days.

Updated: 
31/03/2022