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19.12.2014 18:09:17

Publishing the Implementing Acts to the REMIT Regulation No. 1227/2011 in the Official Journal of the European Union

On 17th December 2014 the European Commission adopted the Commission Implementing Regulation (EU) No 1348/2014 on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency. Subsequently, on 18th December 2014 the Implementing Acts were published in the Official Journal of the European Union and will enter into force 20 days after publication. The Regulation will trigger additional obligations for the market participants, among others the obligation to report records of trade and fundamental data to the Agency for the Cooperation of Energy Regulators (ACER). The obligation to report data admitted to trading at Organised Market Places will be in force as from 7th October 2015, the obligation to report bilateral wholesale energy contracts will be in force as from 7th April 2016.

More information could be found on web page of the Energy Regulatory Office and the ACER.