As of 7 October 2015, the European Energy Exchange (EEX), EPEX SPOT, Gaspoint Nordic and Powernext – all members of the EEX Group – will offer joint services for the reporting of the Regulation on Market Integrity and Transparency (REMIT) data. With this step, market participants will be enabled to delegate their reporting obligations to those companies.
In the framework of REMIT, market participants are currently obliged to disclose all insider information that is relevant for price building on the wholesale energy markets. This obligation can be fulfilled through the EEX Transparency platform. From 7 October onwards, all orders submitted to and transactions concluded on an Organised Market Place (OMP) such as EEX, EPEX SPOT, Gaspoint Nordic and Powernext will have to be reported to the Agency for the Cooperation of Energy Regulators (ACER). Participants can delegate the reporting relating to their trading activity on the markets of those companies to EEX, EPEX SPOT, Gaspoint Nordic and Powernext.
In order to offer REMIT data reporting on behalf of their trading participants, it is necessary for OMPs to register or to select at least one Registered Reporting Mechanism (RRM). EEX and EPEX SPOT have applied for becoming RRM recognized by ACER in the beginning of this year. To facilitate reporting for market participants, EEX, Gaspoint Nordic and Powernext will use the RRM of EEX.