|REMIT reporting standards and taxonomies take shape|
|Monday, 25 March 2013 23:19|
Standards for the reporting framework as well as the taxonomy of wholesale energy market transactions are currently being decided under REMIT.
The Agency for the Cooperation of Energy Regulators (ACER) is currently consulting on the list of the standards for the reporting framework as well as on the taxonomy of wholesale energy market transactions under REMIT.
Indeed, the determination of the question whether the same standards should be applicable for reporting under REMIT as under MiFID and EMIR is really the choice burdened with substantial practical consequences.
In addition to the formats proposed, ACER also asks the industry for the indication whether there are other standards the Agency should consider for recognition.
Any simplifications or additions to the proposed taxonomy are also welcomed.
For details on the above issues see: REMIT - Records of wholesale energy market transactions.