REMIT Forum 2017
an initiative from a young independent association
European energy market leads benefits from the new initiative coming from a young association, Energy Excellence with Us (EEU) (www.eeueuropa.eu), whose purpose is to improve the collaboration among European institutions, especially the European Commission, ACER and EU Member States that have the obligation to ensure that their National Regulatory Authorities in the Energy field have the required investigatory and enforcement powers.
The role of the young association Energy Excellence with Us (EEU) is to stimulate and facilitate cooperation among energy businesses and the European authorities, with a view to promote smoother communication between them.
Through the Regulation (EU) no. 1227 from 2011, called REMIT, of the European Parliament and of the Council on wholesale energy market integrity and transparency, EU has defined its social goal to ensure that consumers and other market participants can have confidence in the integrity of electricity and gas markets, that prices set on wholesale energy markets reflect a fair and competitive interplay between supply and demand, and that no profits can be drawn from market abuse.
In 2014 European Commission established the implementing act of REMIT, Regulation no. 1348 from 2014, that defines the rules for reporting data from the energy businesses whose activities are in Europe, the channels that can be used to report this data, the procedures and timing for the reporting obligations.
REMIT and its implementing act does not create obligations for energy businesses only; it creates obligations for the European authorities as well as for the Agency for the Cooperation of Energy Regulators (ACER), whose mission is to monitor and analyze all the data that comes from the energy businesses in Europe through the ARIS system (ACER Remit Information system).
This is the context in which the largest database of European energy market was built, with the ARIS system collecting more than 45 mil data daily.
As soon as the implementing act was released, the European energy businesses have complied to their obligations, yet with some reluctance, mainly caused by REMIT and its entagled implementing act; many of the participants found it difficult to understand, given the additional documentation, such as the the interpretation guide, the manual of procedures, the reporting manual, as well the technical requirements and various other documents that ACER has released and updated.
With such a volume of information, the energy businesses have often addressed their complains to ACER to better understand their obligations, the xml schemas that they must fill and comply to in accordance with the REMIT request.
The communication between ACER and the European energy businesses has been rather deficient, with the majority of the questions addressed by the European energy businesses left without answers.
REMIT Forum 2017 was held on the scheduled date on 7 June in Cluj-Napoca, with the purpose to make it easier for ACER and the European Commission to clarify the REMIT to the European energy businesses and to provide the needed responses.
Unfortunately, this time ACER did not reply to EEU’s invitation, claiming hat they did not have enough human resources to participate in external events, whereas the REMIT specialist from the European Commission replied that the European Commission was only involved in the process of elaboration REMIT and its implementation and left the other handling activities to ACER.
EEU and its participants (most of them representing important energy companies) to the Forum 2017 on 7 June this year hope that for the next one ACER will have enough resources to participate as speakers. EEU’s invitation will always be open for them.
REMIT Forum 2017 provided information about the ARIS system, reasons for the investigation cases that can be identified by ACER and sent to national authorities to decide upon pursuing further investigations; there were also inquiries and discussions about documents, procedures, other information that the participants deemed useful.
Among other things, EEU pointed out that REMIT cases are potential breaches of the Regulation that are either notified to the Agency by external entities or discovered by the Agency through its surveillance activities. ACER is not responsible for the investigation of potential breaches of REMIT. The EU Member States have the obligation to ensure that their National Regulatory Authorities have the required investigatory and enforcement powers to accomplish this.
The number of ongoing cases increased from 77 at the end of the last quarter of 2016 to 82 by the end of first quarter of 2017.
Why are there so many opened cases in Europe from REMIT? This is a legit question coming from an independent association who wishes to support the European energy businesses and the European institutions.
Are these caused by the fact that some European energy businesses still try to manipulate the energy market and also by the different interpretations of the REMIT, from one market participant to another, turning into retaining in sending the data? Or is it because there are still some unclear answers from ACER?
EEU only knows that ACER still receives an increasing number of questions via different channels concerning REMIT and the applications that the Agency has put in place and that they have some difficulties with the resources, according to them REMIT Quarterly reports. Stay in touch with our next REMIT Forum for 2018. More details at firstname.lastname@example.org
We Energy Excellence with Us (EEU) are aware that it is important to ensure that consumers and other market participants must have confidence in the integrity of electricity and gas markets, that prices set on wholesale energy markets will reflect a fair and competitive interplay between supply and demand, and that no profits can be drawn from market abuse and therefore we invite to participate at REMIT Forum 2017 – 1 year and 2 months scanning after 07 April 2016.
Based on Commission implementing Regulation (EU) No 1348/2014 of 17 December 2014, on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency, starting from 07 April 2016 market participants needs to comply with new reporting obligations.
Registration Terms and Conditions
REMIT Forum 2017 – 1 year scanning after 07 April 2016 is an opportunity to interact with representatives from European companies from energy sector and NRA’s. Whether you seek answers, exchange of information or to gain more experience.
Our sponsors, speakers and delegates are successfully shaping policy, business strategy and investment across the energy industry. The Forum provides several opportunities for those leading the energy transformation to participate.
Conditions for participation:
- On the day of the event each participant shall present his/here id card and the confirmation code received trough email
- Registration has been closed
- Payment shall be made at least 5 days before the event
- Once the confirmation for participation has been sent the amount will not be returned
- Participation fee: requested
Agenda for REMIT Forum 2017 – 1 year and 2 months scanning after 7 April 2016
Online booking trough us at Grand Hotel Italia***** it is possibile. After selecting the time period, insert the ID: EEU2017, and you will have a preferential price for booking.
There are currently no files attached for this event. Files will be available only for participants.
REMIT Forum – 1 year and 2 months scanning after 07 April 2016
7 June 2017
Energy Excellence with Us (EEU) invites European Comission (DG Energy and DG Competition), ACER, NRA’s, market participants and stakeholders to discuss the importance of transparency in energy market, achievements and main obligations of REMIT.
Markets participants will have the opportunity to interact with representatives of national and European authorities and to exchange information between them.
invited all stakeholders
Main subjects will be the European legal framework of reporting (Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency, called REMIT, and Commission implementing Regulation (EU) No 1348/2014 on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency ), ACER and NRA’s implementation and ARIS Data System Collection.
REMIT Forum 2017 gather together the European and national authotities in public discussion in order to reach the goal of European regulations increasing integrity, transparency and a fair competition in wholesale energy markets.
Our interest and the interest of European Union is to have a fair competition in wholesale energy markets.