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Q&As on REMIT – Question III.3.1.

Where can I find more information on data reporting under REMIT?


Answer:

In order to centralise the information on data reporting, the Agency has prepared the REMIT Portal: https://www.acer-remit.eu/portal/home. The REMIT Portal was launched on 8 January 2015 as the central point of entry to the Agency’s REMIT Information System (ARIS) which consists of a number of applications for the use of Market Participants as well as National Regulatory Authorities.

The REMIT Portal allows, for instance, reporting parties to register themselves as Registered Reporting Mechanisms (RRMs). Further, the Agency has made its supporting documentation available on the REMIT Portal, namely the Transaction Reporting User Manual (TRUM), the Manual of Procedures on transaction and fundamental data reporting (MOP), the Requirements for Registered Reporting Mechanisms (RRMs) and a List of organised market places.

RSS_Icon Last update: 09/02/2014  

Q&As on REMIT – Question III.3.2.

What are the rules on the transaction reporting?


Answer:

The Agency has developed the Transaction Reporting User Manual (TRUM) in order to facilitate transaction reporting to the Agency and to ensure operational reliability according to Article 12(1) of REMIT.

The TRUM is intended to provide market participants with guidance to make informed decisions about their transaction reporting obligations. The TRUM explains the details of the reportable trade data by providing guidance on how to populate the data fields included in the Commission Implementing Regulation (EU) No 1348/2014, including the formats and standards that apply to reporting. The TRUM is not intended to be a replacement of the Commission Implementing Regulation (EU) No 1348/2014.

The first edition of the TRUM focuses on explaining the details of the reportable information related to transactions, including orders to trade, in relation to wholesale energy products executed at organised market places. The TRUM also covers the records of transactions in transportation contracts and non-standard supply contracts.

TRUM is available on the REMIT Portal https://www.acer-remit.eu/portal/custom-category/acer_remit_reporting_user_package.

In addition, please note that further details on the transaction reporting such as details on the reporting channels and reporting schemas are included in the Manual of Procedures on transaction and fundamental data reporting (the ‘MoP’). The MoP is available here: https://www.acer-remit.eu/portal/custom-category/acer_remit_reporting_user_package.

RSS_Icon Last update: 08/01/2016  

Q&As on REMIT – Question III.3.3.

What is the scope of contracts reportable at request of the Agency?


Answer:

In line with Article 3(1) of the Commission Implementing Regulation (EU) No 1348/2014, the Agency can, upon a reasoned request and on an ad hoc basis, ask the market participants to report the following contracts and details of transactions, unless concluded on organised market places:

(i) Intragroup contracts.

(ii) Contracts for the physical delivery of electricity produced by a single production unit with a capacity equal to or less than 10 MW or by production units with a combined capacity equal to or less than 10 MW.

(iii) Contracts for the physical delivery of natural gas produced by a single natural gas production facility with a production capacity equal to or less than 20 MW.

(iv) Contracts for balancing services in electricity and natural gas.

It is important to note that market participants only engaging in transactions in relation to the contracts referred to in points (ii) and (iii) above (contracts for the physical delivery equal to or less than 10MW for electricity and 20 MW for gas) shall not be required to register with the NRA pursuant to Article 9(1) of REMIT.

In relation to all four groups of contracts mentioned above in (i) to (iv), an ACER staff letter issued by the Agency’s Market Monitoring Department provides time-limited no-action relief that it will not request such data until at least 31 December 2016. More details on the relief from reporting is presented in the No-action Relief letter published and accessible here: https://www.acer-remit.eu/portal/acer-staff-letters-doc. However, please note that NRAs may still require this data under their relevant national legislation and, that this is without prejudice to any obligation to register as a market participant and to the Agency’s possibility to request additional information and clarifications from market participants and reporting parties in relation to their reported data pursuant to Article 6(8) of the Commission Implementing Regulation (EU) No 1348/2014.

RSS_Icon Last update: 09/02/2014  

Q&As on REMIT – Question III.3.4.

What EIC code should we use for reference data reporting?


Answer:

What EIC code should we use for reference data reporting in the following cases:

• Products traded on non-coupled markets, with delivery only in one country = EIC code for MARKET BALANCE AREA?

• Products traded on coupled markets, with delivery in the market coupling area = EIC code for MARKET COUPLING AREA?

In the above cases the EIC Y code should be used.

RSS_Icon Last update: 17/03/2015  

Q&As on REMIT – Question III.3.5.

Will ACER also collect disaggregated capacity allocations to be reported?


Answer:

ACER expects to collect capacity allocation data per market participant.

RSS_Icon Last update: 17/03/2015  

Q&As on REMIT – Question III.3.6.

How should I report standard contracts on a spreadsheet?


Answer:

You should produce one line item in the spreadsheet for every term. For instance:

German physical Base, bilateral Day
German physical Base, bilateral Weekend
German physical Base, bilateral Month

RSS_Icon Last update: 17/03/2015  

Q&As on REMIT – Question III.3.7.

What level of detail will the receipts include other than a success or failure message. Will it contain the details of the trade?


Answer:

The receipt schema is currently being finalised. It will not include details of the trade (e.g. price, etc.) but still enough information to identify the transaction reports to which it applies. About the “split” receipt per each market participant, this is still to be defined in detail.

RSS_Icon Last update: 17/03/2015  

Q&As on REMIT – Question III.3.8.

Is bundling of all transactions for all units into one file or one single transaction allowed or are we obliged to send an individual transaction/file for each unit?


Answer:

Yes, batches are not only allowed but also preferred by the Agency. The maximum size of a file is 500 MB.

RSS_Icon Last update: 17/03/2015  

Q&As on REMIT – Question III.3.9.

The Table 1 schema for standard contracts contains placeholders for the order and the trade. Will the order section allow 480 rows as well as 1 match on each interval within the trade section (potentially 48)?


Answer:

The schema allows almost unlimited rows. The only limitation is the 500 MB maximum file size.

RSS_Icon Last update: 17/03/2015  

Q&As on REMIT – Question III.3.10.

Is there a special data format or protocol for the web feed (Article 10 of Commission Implementing Regulation (EU) No 1348/2014) how the data shall be provided to the Agency (e.g. email, .csv-file, etc.)?


Answer:

The Agency has published Guidance on the implementation of web feeds which covers the technical issues concerning inside information disclosure under Article 10(1) and (2) of Commission Implementing Regulation (EU) No. 1348/2014.
The Guidance includes details of the standard web feed formats (RSS and ATOM) and the schema (.xsd) to be used. The guidelines are published on the REMIT Portal: https://www.acer-remit.eu.

RSS_Icon Last update: 22/10/2018  

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