REMIT: The Countdown to Full Implementation Begins as Final Data Reporting Rules Are Published

By Doron Ezickson and Adam Topping

The REMIT Implementing Acts on data reporting obligations entered into force on 7 January 2015. This document is the final guidance setting out the rules for reporting wholesale energy products and fundamental data in the EU as required pursuant to Articles 8(2) and 8(6) of the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT).  REMIT is an EU regulation enacted to harmonise the European energy markets and protect them from market manipulation and abuse.

The entry into force of the REMIT Implementing Acts also triggers the three month timeframe within which market participants are required to register with their national regulatory authority.  Set out below are key take-aways from the final Implementing Acts.  read more

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