17JUN

ACER opens the REMIT reporting annex

1 min read

10:21UTC

ACER opened its consultation on the REMIT transaction-reporting annex on 16 July, exactly on schedule, and set the close for 11 September.

← Back to Three records fall in one afternoon Jump to analysis ↓

SportDeveloping

Key takeaway

ACER's REMIT annex consultation closes 11 September, one quarter before cross-border enforcement activates.

ACER, the EU agency that coordinates national energy regulators from Ljubljana, opened its public consultation on the REMIT transaction-reporting annex on 16 July, on exactly the date it had scheduled, and set the close for 11 September⁠¹. REMIT, the EU Regulation on Wholesale Energy Market Integrity and Transparency, obliges trading firms to report their wholesale energy transactions to the agency; the annex specifies the format and scope of those reports.

The substantive change sits in the scope clarification. The annex covers energy derivative transaction reporting and draws the boundary against Regulation (EU) 648/2012, the EMIR framework governing OTC derivatives, central counterparties and trade repositories⁠². Where a trade falls determines which reporting pipe it goes down, and firms running both frameworks have been carrying duplicate builds against an unclear line.

The stated audience names who has to answer: market participants, national regulators, registered reporting mechanisms and organised marketplaces. Cross-border REMIT enforcement activates in Q4, so roughly seven weeks remain to comment on the standard, then a single quarter to implement against a final text nobody has seen yet.

Deep Analysis

In plain English

ACER, the EU agency that watches over energy markets to catch price manipulation and unfair trading across borders, enforces its rulebook, REMIT, in every member state. To enforce REMIT properly, ACER needs companies that trade energy contracts to report their trades in a standard format. It has opened a public consultation, running from 16 July to 11 September, asking traders, regulators and market operators for feedback on exactly what that reporting format should cover. This is a technical, behind-the-scenes step, but it matters because it sets up the data ACER will use later this year when its stronger cross-border investigation powers switch on.

Deep Analysis

Root Causes

REMIT's 2024 revision gave ACER direct cross-border investigatory powers, but those powers depend on regulators and trading venues reporting energy-derivative transactions in a consistent format. The consultation exists because that reporting format has to be clarified against EMIR, Regulation (EU) 648/2012's rules for OTC derivatives, clearing houses and trade repositories, before ACER's enforcement teeth can be used with confidence in the data underneath them.

Without an agreed annex, national regulators and reporting mechanisms would be free to interpret reporting scope differently, which would undermine the cross-border investigations the 2024 revision was designed to enable.

What could happen next?

Precedent
A clarified reporting annex gives ACER a firmer evidential basis once its expanded cross-border investigatory powers activate in the second half of 2026, strengthening any future enforcement action against suspected market manipulation.

Sources:ACER

Mentions:ACER →REMIT →

First Reported In

Update #28 · Hormuz premium inverts the German spark spread

ACER· 20 Jul 2026

Read original →

Causes and effects

Caused by

ACER lifts price cap to €99,999

ACER's 22 June cross-border price-limit widening scheduled the REMIT annex consultation that opened on 16 July as planned.

Occurred 22 Jun 2026

Read story →

This Event

ACER opens the REMIT reporting annex

Firms get roughly seven weeks to shape the reporting standard and a single quarter to build systems against whatever emerges from it.

Different Perspectives

French Football Federation

The FFF called an 11:00 CEST press conference for 28 July, at its Paris headquarters, following an extraordinary executive committee meeting, at which Zinedine Zidane is expected to be presented as head coach succeeding Didier Deschamps. As of this writing no communique confirms the appointment, contract length or start date.

Morocco

Morocco is pushing for the 2030 final at its Grand Stade Hassan II in Casablanca, a planned 115,000-seat venue that would be the world's largest football stadium on completion. The venue is contested by a Spanish petition for the Santiago Bernabeu, and FIFA has fixed neither the venue nor the tournament's proposed 64-team format.

FIFA

FIFA's first tournament report, published 27 July, itemises nearly 300,000 accredited personnel, 73,700 security staff and 300,000 square metres of custom-grown turf, with no revenue or cost figure attached. As a Swiss association answering to its own Congress rather than a treasury, FIFA has followed the same operational-before-financial sequence it used after Qatar 2022.

Javier Tebas / La Liga

La Liga president Javier Tebas said on 21 July that FIFA's system is rotten from the root and that Gianni Infantino's time as president has, in his words, concluded. Tebas has no vote in FIFA's process, so days after the IOC declined jurisdiction over a separate ethics complaint, he used the only instrument he has.

Mexico City government

Head of government Clara Brugada presented a closing report on 22 July crediting the tournament with 44 billion pesos of economic activity, 2,000-plus accelerated public works and 100,000 formal jobs in June alone. The city has not published the method behind that figure, and three other Mexican bodies count the same five weeks differently.

Town of Foxborough

Foxborough answered Kraft Group's June lawsuit on 7 July with a 61-page counterclaim, calling the stadium's owners 'a collection of multibillion-dollar corporations' trying to shift its $7.8 million security bill onto taxpayers. The town says its licensing power and its billing power run through the same board, and it wants the court to award its own costs too.