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Q&As on REMIT – Question III.7.7.

Pursuant to Article 4(4) of REMIT, the publication of inside information on the ENTSO-E transparency platform may be fully in line with REMIT (if the timeliness of the publication is respected). However, Article 10(2) of Commission Implementing Regulation (EU) No 1348/2014 stipulates that the ACER code of the market participant is mandatory. As for now, the ENTSO-E transparency platform does not have a visible field related to the identity of the market participant. Is publication of inside information on the ENTSO-E transparency platform in line with the requirements of REMIT and Commission Implementing Regulation (EU) No 1348/2014?


Answer:

The application of Article 4(1) of Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency (“REMIT”) is specified in more detail in Commission Implementing Regulation (EU) No 1348/2014 and in the ACER Guidance on the application of REMIT (‘’ACER Guidance’’) (please see:
http://www.acer.europa.eu/remit/About/Guidance/Pages/ACER_guidance.aspx).

Concerning the publication of inside information, Chapter 7.2.2 of the ACER Guidance defines a minimum set of information required for publication, regardless of whether the information is published on a transparency platform or on the market participant’s website.

Under Article 10(1) of Commission Implementing Regulation (EU) No 1348/2014, market participants disclosing inside information on their websites, or service providers disclosing such information on market participants’ behalf, shall provide web feeds to enable the Agency to collect these data efficiently.

Moreover, in line with Article 10(2) of Commission Implementing Regulation (EU) No 1348/2014, when reporting inside information, the market participant shall identify itself or shall be identified by the third party reporting on its behalf using the ACER registration code, which the market participant received, or the unique market participant code that the market participant provided while registering in accordance with Article 9 of REMIT.

Finally, please note that the Agency organised a public consultation procedure on the ‘Common Schema for the Disclosure of Inside Information’. The consultation procedure is now closed and the results have been published on the ACER website: http://www.acer.europa.eu/Official_documents/Public_consultations/Pages/PC_2015_R_03.aspx.The Guidance on the implementation of web feeds for Inside Information Platforms is available on the REMIT Portal.

The Agency will start systematically collecting inside information through web feeds on the basis of the standards and electronic formats described in this Manual as of 1 January 2017 and would expect market participants disclosing inside information and service providers disclosing such information on market participants’ behalf to report the information through web feeds in the standards and electronic formats described in the Manual of Procedures on data reporting by 1 January 2017.

Last update: 16/02/2016   RSS_Icon Subscribe to this Page’s RSS