REMIT Reporting in GB
Registering as a market participant under REMIT in GB
Under REMIT, Market Participants (MPs) trading wholesale energy products for delivery in GB are required to register with Ofgem before entering into transactions.
The REMIT Registration User Guide provides clear definitions on the information needed to register in GB and instructions on how to register.
Inside Information Platform in GB
Ofgem strongly encourages the use of appropriate Inside Information Platforms (IIPs) for the effective publication of inside information relating to the GB wholesale energy market.
OFGEM consider these to be the Balancing Mechanism Reporting Service (BMRS) operated:
- by Elexon for electricity,
- National Grid’s GB REMIT Central Collection and Publication Service for gas.
MPs considering using other IIPs for the publication of inside information relating to the GB wholesale energy market should consider whether those platforms will ensure that the inside information is as widely received by other relevant MPs operating in the GB market as that provided by the BMRS or the service operated by National Grid.
Electricity: Balancing Mechanism Reporting Service