FAQ: Inside Information
Common questions on identifying and publishing inside information under REMIT.
Common questions on identifying and publishing inside information under REMIT.
An Asset in the energy market refers to a physical or organizational unit involved in energy generation, storage, transmission, or distribution, such as power plants, solar farms, wind turbines, storage facilities, or network infrastructure.
The EIC Code (Energy Identification Code) is a unique identifier assigned to each asset, such as a power plant or wind farm. This code ensures that the asset can be clearly identified and linked to relevant data for reporting and market transparency purposes. It includes the EIC W, T or Z code of the facility that is unavailable.
In case of an asset being unavailable (e.g., during an outage), the EIC Code of the affected asset must be identified at the most granular level.
For example, if a production unit is made up of multiple generation units, the specific generation unit(s) that are unavailable must be identified using their corresponding EIC code.
Key Points:
The EIC code of an individual wind turbine should only be used if the failure of that wind turbine has a significant impact on the market. This is the case when:
The EIC code of the entire wind farm should be used if the entire wind farm is affected, or if the failure impacts the total generation capacity of the wind farm. This applies when:
The decision to use the individual wind turbine EIC code or the entire wind farm EIC code depends on the market relevance of the failure and its impact on the generation capacity and the market.
Reports for solar plants are typically submitted using the EIC code assigned to the entire solar park. This includes reporting for events such as:
In some cases, specific components of the solar park, such as groups of solar modules or transformer stations, may have their own EIC codes and can be reported separately if the issue affects only a particular part of the park.
Summary:
This ensures accurate and efficient reporting of disruptions or changes in the solar plant’s performance.
If you operate multiple solar parks, it is generally possible to submit an aggregated report when the reporting for all affected parks is required simultaneously, and no detailed breakdown by individual parks is necessary.
General Guidelines:
Summary:
ACER has not defined a specific minimum value in megawatts for when information about a facility must be reported. Instead, ACER provides general guidelines.
The agency requires that information about a facility must be reported if it constitutes “Inside Information” – that is, if it could potentially have a significant impact on the prices of related wholesale energy products.
There is no defined minimum capacity in megawatts that serves as a threshold for reporting information.
However, ACER provides factors to consider when assessing the relevance of information, such as the size of the event, the market situation, and other relevant market variables. The responsibility for determining whether information must be reported lies with the market participant, who must assess the likelihood of a significant price movement based on the information.
§2.4.32
Note: This FAQ collection has been compiled from various sources and reflects our understanding. It is provided for informational purposes only and is not legally binding. We do not take any legal responsibility for the accuracy or completeness of the information. For legal or regulatory matters, please consult a professional.