REMIT reporting implementation timeline
Legal Alert
Friday, 19 December 2014 20:56

 

REMIT implementing acts (Commission Implementing Regulation No 1348/2014 of 17 December 2014 on data reporting implementing Article 8(2) and Article 8(6) of Regulatio (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency (OJ L 363, 18.12.2014)) enter into force on 7 January 2015.

 

The REMIT implementing acts were published yesterday in the Official Journal of the European Union and will enter into force 20 days later, that is to say on 7 January 2015. The REMIT implementation timeline can now be defined as follows:
Registration of market participants by National Regulatory Authorities at national level shall be opened no later than 17 March 2015.

 

Reporting obligation for reportable wholesale energy supply and derivatives contracts executed at organised marketplaces and for ENTSO-E and ENTSOG fundamental data will apply from 7 October 2015.

 

Reporting obligation for other reportable wholesale energy market contracts (OTC standard and non-standard supply and derivatives contracts, transportation contracts) and for additional fundamental data will apply from 7 April 2016.

 

Source: ACER

 

 

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