New leaflet (“Merkblatt”) on REMIT registration and data reporting obligations
In a recently published leaflet Bundesnetzagentur explains who has to register under REMIT, who is subject to reporting obligations and when data reporting obligations start.
The Regulation (EU) No. 1227/2011 on Wholesale Energy Market Integrity and Transparency (REMIT) is in force since December 28th 2011. According to Art. 8 of REMIT market participants have to transmit transaction and fundamental data to the Agency for the Cooperation of Energy Regulators (ACER).
On January 7th 2015 the REMIT Implementing Regulation (EU) No. 1348/2014 entered into force. It defines in more detail the registration and reporting obligations for market participants under REMIT. Exemptions from the reporting obligations hold for intra-group trades, for balancing energy contracts and for contracts regarding the physical delivery of electricity or gas from generation and extraction facilities with a capacity of at most 10 MW for electricity and 20 MW for gas, as long as those contracts are not concluded at an organized market place. Those contracts are only reportable on reasoned request by ACER.
According to Art. 9 of REMIT all market participants who conclude reportable transactions have to register. This also applies to market participants who only conclude intra-group transactions or balancing energy contracts for electricity or gas. Final customers also have to register if they conclude contracts regarding the delivery of electricity or gas to a single consumption unit with the technical capability to consume 600 GWh/year or more.
The new leaflet (“Merkblatt”) in German language is available for direct download or can be found in the REMIT information portal of Bundesnetzagentur. You can also find further information on registration and data reporting obligations there.
Date of modification: 2015.02.24
