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REMIT Registration Update 8th June 2015 – Phase 2 Registration
The CER is pleased that a significant number of Irish energy participants have so far registered under REMIT using the online “CEREMP” system which was launched on the CER’s website in February 2015, as linked below.
In accordance with ACER Decision No 01/12, the REMIT registration process has been split into two phases for market participants registering before ACER published for the first time the list of market participants in a European register. In Phase 1, such market participants shall provide information relating to Sections 1 (data related to the market participant), 2 (data related to the natural persons linked to the market participant), 3 (data related to the ultimate controller or beneficiary of the market participant) and 5 (data related to the delegated parties for reporting on behalf of the market participant) of the registration format. In Phase 2, such market participants shall provide the information relating to Section 4 (data related to the corporate structure of the market participant) of the registration format.
A European register of participants was published by ACER on 17th March 2015, and for any participant who registered before then, the CER understands that Phase 2 registration (i.e. Section 4 information) should be entered via CEREMP within 3 months of this, i.e. by 17th June 2015.
Any market participant registering after ACER published the register (on 17th March 2015) is required to submit the information related to all the sections of the registration format before the registration form can be considered to be correctly submitted. This must be done by the time the transaction data must be reported on, i.e. prior to 7th October 2015 for participants entering transactions at an organised market places such as the SEM, or prior to 7th April 2016 for other participants.
General information from ACER on REMIT is available here: https://www.acer-remit.eu/portal/home . The latest ACER Q&A documents on REMIT, including in relation to the registration process, is available here: https://www.acer-remit.eu/portal/acer-documents
The CER understand that ACER will this week be publishing an updated guidance document on REMIT, which will reference the above registration timing issue. We will link to this document on this section of our website after it is published.
REMIT: Market Participants Registration with CER by 13th March 2015
REMIT, the Regulation on Energy Market Integrity and Transparency, entered EU law on 28thDecember 2011 and provides for an EU-wide market rules and monitoring framework related to wholesale energy markets in electricity and gas. For information on the various aspects of REMIT please see ACER’s website here.
energy transaction data to ACER, which ACER can assess for compliance with REMIT’s market rules. “Implementing Acts” specifying the criteria, format and timing for transaction reporting to ACER, were a
· Registration of market participants with the NRA - including the CER - is required by 17thMarch 2015;
· Reporting to ACER for reportable wholesale energy supply and derivatives contracts executed at organised marketplaces, and for ENTSO-E and ENTSOG fundamental data, applies from 7th October 2015; and,
· Reporting to ACER for other reportable wholesale energy market contracts (OTC standard and non-standard supply and derivatives contracts, transportation contracts), and for additional fundamental data, applies from 7th April 2016.
As per above, relevant market participants must register with the CER under REMIT. The only exception, as stated in Article 4 of the Implementing Acts, is for market participants that only engage in the following, if the trades are not concluded through an organised market place:
· Contracts for the physical delivery of electricity produced by a single production unit with a capacity equal to or less than 10 MW or by production units with a combined capacity equal to or less than 10 MW; and,
· Contracts for the physical delivery of natural gas produced by a single natural gas production facility with a production capacity equal to or less than 20 MW.
The registration process will provide all registered market participants with a unique identifier called an ACER Code which will be used in reporting data to ACER under REMIT.
General information related to CEREMP is provided as follows:Click Here
Decision No 01/2012The registration process, as reflected by CEREMP, has five parts:
· Data about the market participant;
· Data about natural persons linked to the market participant;
· Data about the ultimate controller of the market participant;
· Data about the corporate structure of the market participant; and
· Data about the delegated parties for reporting on behalf of the market participant.
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