The Next Steps in the Implementation of Remit – an article by W&W’s Tomasza Brzeziński and Anna Mathews
Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency (REMIT), which exists to improve the transparency of the wholesale electricity and gas markets, imposes numerous responsibilities on market participants. The parts of the Regulation relating to standard contracts will come into force as early as 7 October 2015 while those relating to concluding back-loaded OTC contracts will come into force on 7 April 2016.
The article, which appears in the latest issue of the bimonthly publication “Nowa energia”, focuses on the practical aspects of the implementation duties and primarily analyzes what the standard reporting contracts and basic data to be sent to the Agency for the Cooperation of Energy Regulators (ACER) will consist of.
The article “The Next Steps in the Implementation of Remit – The Reporting of Transactions in Wholesale Energy Markets and Fundamental Data”, can be viewed in the Polish language under the Publications section of our website.