25th of October 2021 marks the 10th anniversary of the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT), which came into force in 2011 to support open and fair competition in the European wholesale energy markets.
The massive decarbonisation of the European energy system will increasingly rely on more integrated energy markets. Otherwise, the cost of the transition is likely to be much higher, endangering social acceptance. One aspect often overlooked of such further reliance on integrated energy markets is the ability to have trust in these markets, ensuring they are free of manipulation and other damaging trading behaviour. This is the contribution of REMIT, the most advanced energy market monitoring effort on the planet. As such, making sure REMIT evolves alongside energy system change in Europe is the ‘political corollary’ of relying on the further integration of energy markets across Member States to secure the objectives set at the highest levels of government.
What is this year’s REMIT Forum about?
In the past 10 years, ACER successfully implemented practically all pieces of REMIT. In the years to come the REMIT landscape will either continue to develop and fine-tune or there may be a call for revision and changes. With a series of events in October this year, ACER aims to reflect back and to provide a high-level forum to discuss the future.
What format will the REMIT forum 2021 take?
The 5th REMIT Forum will be organised as a series of virtual events: On 25 October an introductory webinar to REMIT will be followed by the main plenary session, which will foster a high level political discussion among key stakeholders. On 26 and 28 October, the Forum will provide special interest groups sessions on data, reporting and technology as well as on the ACER Guidance.
Register for the Forum by Thursday 21 October.
Access the Agenda for the Plenary session.
Monday 25th October (10.00-12.00 CET).
Open webinar: Introduction to REMIT
Monday 25th October (14.00-17.00 CET).
Plenary session “10 years of REMIT – what is next?”
Tuesday 26th October (14.00-16.00 CET).
Special session: “REMIT data and technology”
Thursday 28th October (14.00-16.30 CET).
Special session: “6th version of the ACER guidance”