ACER: REMIT Implementing Acts Enter Into Force On 7 January 2015

The REMIT implementing acts were published yesterday in the Official Journal of the European Union and will enter into force 20 days later, that is to say on 7 January 2015. The REMIT implementation timeline can now be defined as follows:

• Registration of market participants by National Regulatory Authorities at national level shall be opened no later than 17 March 2015.
• Reporting obligation for reportable wholesale energy supply and derivatives contracts executed at organised marketplaces and for ENTSO-E and ENTSOG fundamental data will apply from 7 October 2015.
• Reporting obligation for other reportable wholesale energy market contracts (OTC standard and non-standard supply and derivatives contracts, transportation contracts) and for additional fundamental data will apply from 7 April 2016.

Find out more here.