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.
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