03.02.2025 – ACER’s latest REMIT Quarterly is out – Issue No. 39/Q4 2024

ACER REMIT Quarterly 39 Q4 2024

The 39th edition of ACER’s REMIT Quarterly, covering the fourth quarter of 2024, provides several key updates:

  • Data Reporting Enhancements
    ACER has been refining data reporting processes in line with the revised REMIT framework. Notably, two joint roundtable meetings were held on 26 and 28 November 2024 with Registered Reporting Mechanisms (RRMs), Inside Information Platforms (IIPs), Associations of Energy Market Participants (AEMPs), and Organised Market Places (OMPs). These sessions focused on the upcoming revision of the REMIT Implementing Regulation and shared updates on data reporting guidance.
  • Expert Group Meetings
    The 3rd and 4th meetings of the Expert Groups on Wholesale Energy Market Data Reporting and on Wholesale Energy Market Integrity and Transparency were convened. These groups play a pivotal role in advising ACER on REMIT-related matters, ensuring effective market surveillance and data reporting.
  • Hydrogen Market Transparency
    Market participants in the hydrogen sector are reminded of their obligations to disclose inside information, promoting transparency and integrity as this market evolves.

ACER draws the attention of market participants to the obligation under Regulation (EU) 2017/1938 on measures to safeguard the security of gas supply, as revised by the Regulation (EU) 2024/1789, which will be applicable as of 5 February 2025. This said provision entails that hydrogen market participants are expected to start registering with their relevant NRAs as of this date, in order to fulfil their obligations in relation to the disclosure of inside information. Nonetheless, the Agency reminds that the reporting of hydrogen related wholesale energy products as per Article 8 of Regulation (EU) 1227/2011 on wholesale energy market integrity and transparency (REMIT), as revised by Regulation (EU) 2024/1106, is not expected to commence until the Commission Implementing Regulation (EU) 1348/2014 on data reporting is revised.

 

  • Guidance Updates
    ACER has updated its guidance documents on REMIT transaction reporting, highlighting trends in data reporting and recognizing the top five reporting entities.
  • REMIT Breach Cases
    By the end of Q4 2024, ACER had 390 REMIT breach cases under review, reflecting ongoing efforts to monitor and enforce compliance in wholesale energy markets.
  • Trading Activities Summary
    The report provides a summary of 2024 trading activities on Organised Market Places, offering insights into market dynamics over the year.

These developments underscore ACER’s commitment to enhancing transparency, integrity, and oversight in Europe’s wholesale energy markets.

Link: acer.europa.eu