Legal Alert
Regulatory overview December 2021
- Category: Legal Alert
ACER publishes the 26th edition of the Q&As on REMIT and an open letter on the extension of the possibility for market participants to publish inside information on their own corporate website as a backup solution until 31 December 2022
Related articles:
Obligation to publish inside information under REMIT
Questions and Answers on REMIT
2021 Joint roundtable meeting of the ACER with AEMPs and Inside Information and Transparency Platforms. ACER:
- starts investigating the issues of validation of reported data,
- highlights most common errors,
- explains responsibility for the Inside Information Platform failures,
- clarifies the population of the CEREMP’s field: “Place of publication of inside information” in the context of IIPs,
- explains small market participants' status.
Related article: Obligation to publish inside information under REMIT
Questions and Answers on the Benchmarks Regulation (BMR), ESMA70-145-114, Version 22, updated
Related article: EU Climate Benchmark
ACER Decision No 15/2021 of 29 November 2021 on the TSOs’ proposal for amendment of the harmonised allocation rules for long-term transmission rights
Related article: Forward Capacity Harmonised Allocation Rules (HAR)
Redispatching Arrangements in Europe against the Background of the Clean Energy Package Requirements, CEER Report, Future Policy Work Stream of Electricity Working Group, Ref: C21-FP-52-03
Related article: Redispatching
Commission Delegated Regulation supplementing Regulation (EU) 2021/1153 of the European Parliament and of the Council with regard to the specific selection criteria and the details of the process for selecting cross-border projects in the field of renewable energy was adopted by the European Commission, C(2021) 9875 final
Related article: Renewable Energy Sources
The opening of the public feedback period on Commission Implementing Regulation (EU) amending Implementing Regulation (EU) 2018/2066 of 19 December 2018 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council - amends Article 38 of the MRR regarding the timing for applying certain rules on the monitoring and reporting of emissions and in particular the zero-rating of emissions from the combustion of sustainable biomass
Related articles:
EU ETS Monitoring and Reporting Regulation (MRR)
European Commission awards 27 grants under the Innovation Fund
Related article: Innovation Fund
Modernisation Fund invests nearly €900 million during first year of operation
Related article: Modernisation Fund
Sustainable finance, financial and non-financial overview of corporate carbon reporting, AMF report
Related article: Sustainable finance
Commission Delegated Regulation amending Annex VII to Directive (EU) 2018/2001 as regards a methodology for calculating the amount of renewable energy used for cooling and district cooling adopted by the European Commission
Related article: Directive on the promotion of the use of energy from renewable sources (RED)
EU Member States endorse agreement reached with European Parliament on DLT
Related article: Distributed ledger technology (DLT)
Monitoring of the Implementation of the Grid Connection Network Codes, An updated analysis following the publication of the Implementation Monitoring Reports, ACER
Related articles:
Network Code on Requirements for Grid Connection of Generators (NC RfG)
Network Code on Demand Connection (DCC)
Network Code on High Voltage Direct Current Connections (HVDC)
ACER first Implementation Monitoring Report on the Emergency and Restoration Network Code finds that while implementation of the electricity grid emergency and restoration rules are well on track, there is still not a complete and uniform EU-wide implementation
Related article: Emergency and Restoration Network Code (NC ER)
2022 Update on Guidelines of Good Practice on Comparison Tools, Public Consultation, Customer Empowerment Work Stream of Customers and Retail Markets Working Group, Ref: C21-CEM-142-06 23-12-2021
Related article: Price Comparison Tools (PCTs)
2021 Joint roundtable meeting with AEMPs, OMPs and RRMs, ACER, Reference: RT-AEMP-OMP-RRM-2021
Related articles:
Organised market place or organised market - OMP
Registered Reporting Mechanism (RRM)
ACER Recommendation on reasoned amendments to the Capacity Allocation and Congestion Management Regulation proposes changes to a wide range of topics, including:
• market coupling governance and operations,
• capacity calculation and bidding zone review,
• amendments to the SOGL.
Related articles:
Network Code on System Operation
Market Coupling Operator (MCO) function
Nominated Electricity Market Operator (NEMO)
ESMA Questions and Answers on MiFID II and MiFIR investor protection and intermediaries topics, ESMA35-43-349 updated - the mere presence of a make-whole clause is not sufficient for a financial instrument to be exempt from the MiFID II product governance requirements.
Related article: Product governance requirements under MiFID II
Late reporting issues explained by the ACER
Related article: REMIT reporting
Proposal for a Regulation of the European Parliament Parliament and of the Council on methane emissions reduction in the energy sector and amending Regulation (EU) 2019/942
Related article: Methane emissions