|REMIT - fundamental data reporting|
Fundamental data reporting for electricity and gas markets is effected, on behalf of market participants, by, respectively, ENTSO-E and ENTSO-G, with the use of Union-wide central transparency platforms (Articles 8 and 9 of the REMIT Implementing Regulation).
Legal base for fundamental data reporting in Article 8(5) of the REMIT, which reads:
"Market participants shall provide the Agency and national regulatory authorities with information related to the capacity and use of facilities for production, storage, consumption or transmission of electricity or natural gas or related to the capacity and use of LNG facilities, including planned or unplanned unavailability of these facilities, for the purpose of monitoring trading in wholesale energy markets. The reporting obligations on market participants shall be minimised by collecting the required information or parts thereof from existing sources where possible."
Moreover, Article 10(1) of the Commission Implementing Regulation No 1348/2014 of 17 December 2014 on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency (REMIT Implementing Regulation) states:
"Market participants disclosing inside information on their website or service providers disclosing such information on market participants' behalf shall provide web feeds to enable the Agency to collect these data efficiently."
Fundamental data reporting under REMIT needs to differentiated from the two separate REMIT obligations i.e.:
- obligation to publish inside information under REMIT (Article 4(1) of REMIT),
- transactions and orders reporting (Article 8(1) of REMIT).
Table 1 Reporting of electricity fundamental data
Table 2 Reporting of gas fundamental data
Source: ACER's Questions and Answers on REMIT, Question III.4.3.
REMIT, Article 8(5)
Commission Implementing Regulation No 1348/2014 of 17 December 2014 on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency, Article 10(1)
Annex IV to the ACER's REMIT Manual of Procedures on Transaction Data, Fundamental Data and Inside Information Reporting,, pages 53-69
|Last Updated on Friday, 11 January 2019 21:34|