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.
