REMIT is the EU framework that aims to prevent wholesale energy market abuse and support fair competition. The REMIT regulation was recently revised to ensure the regulatory framework keeps pace with evolving market dynamics. Regulation 2024/1106 entered into force on 8 May 2024. As part of this revision, the European Commission is mandated to revise the REMIT Implementing Regulation by 8 May 2025. This update is aimed at defining new rules and requirements for data reporting under REMIT.
To aid the Commission’s revision process, ACER ran a public consultation (28 June to 16 September 2024) to collect input on proposed revisions to the Annex of the REMIT Implementing Regulation.
Key findings from the consultation
ACER thanks the 92 respondents for their input, which has been analysed and summarised in ACER’s evaluation of responses report. The document provided the basis for discussions at the roundtable meetings (26 and 28 November 2024) on data reporting.
The consultation respondents:
- Stressed the need for maintaining a stable and well-functioning data reporting framework.
- Provided detailed feedback on different sections of the Annex, questioning the feasibility and necessity of the proposed changes.
- Emphasised the importance of allowing sufficient time to implement new reporting requirements.
What are the next steps?
- The outcomes of ACER public consultation and roundtable meetings will contribute to the ongoing discussion with the European Commission on the revision of the REMIT Implementing Regulation.
- The Commission will then amend the Implementing Regulation to define the new data reporting requirements by 8 May 2025.
ACER will continue to provide timely updates and guidance notes.
