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Q&As on REMIT – Question II.5.3.

[** Merged with Q II.5.2. **]

When did the data reporting start?


Answer:

The data reporting obligation of market participants is specified in more detail by the Commission Implementing Regulation (EU) No 1348/2014. Depending on the transactions that the market participant were entering into, the reporting was divided into two phases with two different timelines.

The first phase of data collection started nine months following the entry into force of the Commission Implementing Regulation (EU) No 1348/2014 i.e. on 7 October 2015 . The first phase concerned the reporting of reportable wholesale energy contracts admitted to trading at organised market places and of fundamental data from the ENTSOs central information transparency platforms.

The second phase of data collection started 15 months following the entry into force of Commission Implementing Regulation (EU) No 1348/2014 i.e. on 7 April 2016 . The second phase concerned the reporting of the remaining reportable wholesale energy contracts (OTC standard and non-standard supply contracts; transportation contracts) and of reportable fundamental data from TSOs, LSOs and SSOs.

 

Timeline of REMIT implementation under the REMIT regulation:

For more information about the implementation after of the adoption of the implementing acts, please see section III of this Q&A.


[1] For more details please see Article 12(2) of Commission Implementing Regulation (EU) No 1348/2014.

[2] For more details please see Article 12(2) of Commission Implementing Regulation (EU) No 1348/2014.

Last update: 22/10/2018   RSS_Icon Subscribe to this Page’s RSS