On 7 April 2016, the obligation for market
participants to report wholesale energy supply contracts executed
over-the-counter, transportation contracts and additional fundamental data
under the EU Regulation on Wholesale Energy Integrity and Transparency (REMIT)
enters into application. This 2nd phase of data collection will
complement the Agency’s data collection of wholesale energy market
transactions, including orders to trade, executed at organised market places
and of fundamental data from the European Networks of Transmission System Operators
for electricity and gas that began 7 October 2015. In parallel with its effort
to register reporting parties as Registered Reporting Mechanisms (RRMs), the
Agency has provided a comprehensive set of guidance on transaction and
fundamental data reporting. In addition, the Agency will publish further REMIT
Q&As and FAQs on transaction and fundamental data reporting as required.
Market participants should therefore be well prepared for data reporting as of
7 April 2016.