18.11.2022

ACER updates its REMIT data reporting guidance

Last updated on 29.03.2024
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ACER updates its REMIT data reporting guidance

What is it about?

Following extensive consultation with stakeholders launched in June 2022 that aimed to improve REMIT data reporting, the EU Agency for the Cooperation of Energy Regulators (ACER) publishes today:

  • the updated Transaction Reporting User Manual (TRUM) and its Annexes;

  • the updated Frequently Asked Questions (FAQs) on REMIT transaction reporting; and

  • a new version (electronic format) for the reporting of REMIT Table 1 transactions.

ACER regularly updates its transaction reporting guidance for stakeholders who have to comply with REMIT data reporting obligations. Reporting parties are expected to comply with the updated guidance within six months of its publication (i.e. by mid-2023).

ACER thanks all the stakeholders who contributed to the consultation of the guidance documents and who tested and provided feedback on the new electronic format.

The amendments provided in the updated TRUM (version 5.1) mainly focus on clarifying the reporting obligations for broker organised market places (broker OMPs), and also for market participants entering into transactions on wholesale energy markets via third party accounts (focusing on Direct Market Access). Several Annexes of the TRUM have also been updated under the current guidance revision:

  • Annex II to the TRUM, with new examples of transaction reporting related to spread trades and trades at settlement;

  • Annex III to the TRUM, aligning the content with the TRUM related to Direct Market Access;

  • Annex IV to the TRUM, aligning the Unique transaction identifier (UTI) Generator with the additional allowed values for contract type and quantity unit for REMIT Table 1 reporting;

  • Annex V to the TRUM, with new abbreviations;

  • Annex VII to the TRUM, including clarifications on lifecycle reporting of orders.

During the consultation process, ACER consulted with and considered the input from different stakeholders, including associations of market participants, organised market places, and registered reporting mechanisms.

Access the new versions of the Transaction Reporting User Manual and its Annexes.

The new (14th) edition of the FAQs on REMIT transaction reporting provides additional guidance on specific business scenarios to better reflect the development of the trading activity on the EU wholesale energy market (e.g. transactions concluded via Direct Market Access and trades cleared on exchanges).  

Access the new version of the FAQs on REMIT transaction reporting.

The new Version 3 of the electronic format for the reporting of REMIT Table 1 transactions implements selected changes from the Public Consultation on the Revision of electronic formats for transaction data, fundamental data and inside information reporting (PC_2017_R_03), as well as changes required for the alignment of the electronic format with the Transaction Reporting User Manual (TRUM).

In order to reflect the changes in the new electronic format, ACER also published updated versions of the Manual of Procedures on Data Reporting including its Annex III and Annex V, the ARIS Data Validation document, and the ARIS Data Validation Rules Configuration Document on ACER’s website.

ACER plans to retire the older versions of the electronic format for the reporting of REMIT Table 1 transactions after a transition period. Reporting entities can continue using Version 1 (REMITTable1_V1) until 16 May 2023, and Version 2 (REMITTable1_V2) until 16 October 2023.

Access the new Version 3 of the electronic format for the reporting of REMIT Table 1 transactions.

Access the new version of the Manual of Procedures on Data Reporting.

Access the new version of the ARIS Data Validation document.

Access the new version of the ARIS Data Validation Rules Configuration Document.