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).

         
          
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The fundamental data reporting is also directed by market participants to ACER (via web feeds) and, in some cases, to the EU Member States' national regulatory authorities. 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

 

ENTSO-E 

on behalf

of market 

participants

 TSOs

 Third-Party 

RRMs 

Market

participants

When? 

Transparency platform data

+

9 months following the Implementing Regulation's

entry into force (7 October 2015) but not before

the platform is operational

Electricity nominations

 +  +

15 months following the Implementing Regulation's 

entry into force (7 April 2016)

 

 

Table 2 Reporting of gas fundamental data

  

ENTSO-G 

on behalf

of market 

participants

TSOs  LSOs SSOs

 Third-Party 

RRMs 

Market

participants

When? 

Central platform data

+

9 months following the Implementing Regulation's

entry into force (7 October 2015) 

Gas nominations

 +  +

15 months following the Implementing Regulation's entry into force (7 April 2016) 

Availability of LNG facilities

+ +

15 months following the Implementing Regulation's entry into force (7 April 2016)

Unloading and reloading of LNG  + +  + 15 months following the Implementing Regulation's entry into force (7 April 2016)
Availability of storage facilities  + + 15 months following the Implementing Regulation's entry into force (7 April 2016)
Amount of gas stored  + +  + 15 months following the Implementing Regulation's entry into force (7 April 2016)

Source: ACER's Questions and Answers on REMIT, Question III.4.3. 

 

 

 

ACER's Questions and Answers on REMIT, Fundamental Data reporting

 

Question III.4.1. How can I report fundamental data?

 

The legal basis for the fundamental data reporting is laid down in Article 8 and 9 of the Commission Implementing Regulation (EU) No 1348/2014. While Article 8 defines the rules for reporting of fundamental data on electricity, Article 9 specifies the rules for reporting of fundamental data on gas including also data on LNG and gas storage.

In order to explain the details of reporting, the Agency has prepared the Manual of Procedures on transaction and fundamental data reporting (MoP). The MoP is available here: https://www.acer-remit.eu/portal/acer-documents.

The Agency's intention with the MoP is to provide advice for reporting entities concerning the reporting of fundamental and transaction data. The MoP explains the details of procedures, standards and electronic formats for reporting of fundamental data. In particular, the document includes information on the data submission channels, the data validation rules and the XML-schemas to be used for the reporting.

The focus of the first edition of the MoP is to explain the details of the data fields and reportable schemas related to the electricity and gas fundamental data. Examples of data fields and schemas for the LNG and gas storage data will be included in the MoP in the coming months. 

 

Question III.4.2. Are RRMs allowed to report fundamental data directly to ACER on behalf of market participants for "Unloading and Reloading of LNG" and for "Amount of gas stored" or, on the contrary, are the TSOs and SSOs the only entities that can delegate their reporting of this kind of data to another RRM?

 

In line with Article 9(5) and 9(10) of Commission Implementing Regulation (EU) No 1348/2014, the market participants can delegate the reporting obligation to LSO/SSOs respectively or to any other registered RRM.

 

Question III.4.4. Should the TSOs report fundamental data to the Agency directly, or through the ENTSOs' platforms? Is there an overlap between data sent by TSOs directly to the Agency and through ENTSOs?

 

Article 8(5) of REMIT indicates that the reporting obligations on market participants shall be minimised by collecting the required information or parts thereof from existing sources where possible. For this reason, fundamental data is reported to the Agency through:

(i) ENTSO-E in line with Article 8(1) and (2) of Commission Implementing Regulation (EU) No 1348/2014; and

(ii) ENTSOG in line with Article 9(1) of Commission Implementing Regulation (EU) No 1348/2014.

TSOs are required to report the fundamental data defined in Articles 8(3) and 9(2) of the same Implementing Regulation.

Taking into consideration the above division of reporting, there should be no overlap between data sent by TSOs directly to the Agency and through ENTSOs.

 

Question III.4.5. Who reports the nomination data in case a single point nomination mechanism exists between two bidding zones under the jurisdiction of two TSOs?

 

In order to avoid double reporting ACER will accept one report for the nomination data from one of the TSOs reporting on behalf of both, or by a third party RRM reporting on their behalf. ACER must be informed of the preferred reporting method already during the RRM registration process.

 

 

 

 

ACER' Q&As on REMIT
Question III.3.30.

 

Should gas storage nominations be reported as trades?

 

No, storage contracts are not considered wholesale energy products under REMIT (please see the definition of wholesale energy products under Article 2(4) of REMIT). Storage system operators are required to report nomination data as defined in Article 9(7) of Commission Implementing Regulation (EU) No 1348/2014 as fundamental data. In addition, the market participants or storage system operators (on their behalf) are required to report gas storage data as specified in Article 9(9) of Commission Implementing Regulation (EU) No 1348/2014. 

 

 

 
LNG fundamental data reporting

  

   info                        


Technical capacity means the daily total firm regasification capacity that the LNG Facility Operator can offer to the terminal users, taking account of system integrity and the operational requirements of the terminal expressed on a daily basis in GWh/day.

Contracted capacity is the capacity that the LNG Facility Operator has allocated to users by means of a contract expressed on a daily basis in GWh/day.

Available capacity is the part of the technical capacity that has not been allocated to users and is still available expressed on a daily basis in GWh/day:

“available capacity” = “technical capacity” – “contracted capacity”.

Send-out is the aggregated daily gas flow (regasified LNG) from the Terminal into the gas transmission systemexpressed in GWh.

Inventory is the total volume of LNG in the LNG tanks at the end of the previous gas day, expressed in GWh.

ACER Frequently Asked Questions (FAQs) on REMIT fundamental data and inside information collection (7th Edition), 30 April 2021, Answer to the Question 3.2.3

 

 

See also: REMIT Reporting - LNG Delivery

 

 

 



chronicle  Regulatory chronicle 

 

 

 

 

30 April 2021

 

ACER updates Frequently Asked Questions (FAQs) on REMIT fundamental data and inside information collection (7th Edition)

 

16 July 2019

 

ACER updates Frequently Asked Questions (FAQs) on REMIT fundamental data and inside information collection (6th Edition)

 

8 January 2019

 

ACER publishes Frequently Asked Questions (FAQs) on REMIT fundamental data and inside information collection, 5th Edition

 

12 July 2018

 

a href="https://documents.acer-remit.eu/wp-content/uploads/ANNEX-IX-–-List-of-LNG-facilities-subject-to-reporting.pdf">"ist of LNG facilities subject to reporting according to Article 9(3) and (5) of the REMIT Implementing Regulation

  

5 October 2017

 

Public Consultation on the revision of electronic formats for transaction data, fundamental data and inside information reporting

 

 

 


  

IMG 0744   Documentation 

 

 

 

 

 

 

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

 

Frequently Asked Questions (FAQs) on REMIT fundamental data and inside information collection, 5th Edition

 

a href="https://documents.acer-remit.eu/wp-content/uploads/ANNEX-IX-–-List-of-LNG-facilities-subject-to-reporting.pdf">"ist of LNG facilities subject to reporting according to Article 9(3) and (5) of the REMIT Implementing Regulation

 

 

 

 

 

 clip2   Links

 

 

 

 

FAQs on REMIT fundamental data and inside information reporting 

 

Transparency platforms

 

 

 

 

  

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