- I. Introduction
-
II. Questions and Answers (Q&A) on REMIT
- II.1. Background Information
- II.2. The role of the Agency
- II.3. REMIT definitions
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II.4. Obligations and prohibitions for market participants
- II.4.1.
- II.4.2.
- II.4.3.
- II.4.4.
- II.4.5.
- II.4.6.
- II.4.7.
- II.4.8.
- II.4.9.
- II.4.10.
- II.4.11.
- II.4.12.
- II.4.13.
- II.4.14.
- II.4.15.
- II.4.16.
- II.4.17.
- II.4.18.
- II.4.19.
- II.4.20.
- II.4.21.
- II.4.22.
- II.4.23.
- II.4.24.
- II.4.25.
- II.4.26.
- II.4.27.
- II.4.28.
- II.4.29.
- II.4.30.
- II.4.31.
- II.4.32.
- II.4.33.
- II.4.34.
- II.4.35.
- II.4.36.
- II.4.37.
- II.4.38.
- II.4.39.
- II.4.40.
- II.4.41.
- II.4.42.
- II.4.43.
- II.4.44.
- II.4.45.
- II.4.46.
- II.4.47.
- II.4.48.
- II.4.49.
- II.4.50.
- II.4.51.
- II.4.52.
- II.4.53.
- II.4.54.
- II.4.55.
- II.4.56.
- II.4.57.
- II.5. Timeline of the implementation
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III. Questions and Answers (Q&A) on the Implementation of REMIT and Commission Implementing Regulation (EU) No 1348/2014
- III.1. Background Information
-
III.2. Reporting through Registered Reporting Mechanisms (RRMs)
- III.2.1.
- III.2.2.
- III.2.3.
- III.2.4.
- III.2.5.
- III.2.6.
- III.2.7.
- III.2.8.
- III.2.9.
- III.2.10.
- III.2.11.
- III.2.12.
- III.2.13.
- III.2.14.
- III.2.15.
- III.2.16.
- III.2.17.
- III.2.18.
- III.2.19.
- III.2.20.
- III.2.21.
- III.2.22.
- III.2.23.
- III.2.24.
- III.2.25.
- III.2.26.
- III.2.27.
- III.2.28.
- III.2.29.
- III.2.30.
- III.2.31.
- III.2.32.
- III.2.33.
- III.2.34.
- III.2.35.
- III.2.36.
- III.2.37.
- III.2.38.
- III.2.39.
- III.2.40.
- III.2.41.
- III.2.42.
- III.2.43.
- III.2.44.
- III.2.45.
- III.2.46.
- III.2.47.
- III.2.48.
- III.2.49.
- III.2.50.
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III.3. Transaction Reporting
- III.3.1.
- III.3.2.
- III.3.3.
- III.3.4.
- III.3.5.
- III.3.6.
- III.3.7.
- III.3.8.
- III.3.9.
- III.3.10.
- III.3.11.
- III.3.12.
- III.3.13.
- III.3.14.
- III.3.15.
- III.3.16.
- III.3.17.
- III.3.18.
- III.3.19.
- III.3.20.
- III.3.21.
- III.3.22.
- III.3.23.
- III.3.24.
- III.3.25.
- III.3.26.
- III.3.27.
- III.3.28.
- III.3.29.
- III.3.30.
- III.3.31.
- III.3.32.
- III.3.33.
- III.3.34.
- III.3.35.
- III.3.36.
- III.3.37.
- III.3.38.
- III.3.39.
- III.3.40.
- III.3.41.
- III.3.42.
- III.3.43.
- III.3.44.
- III.3.45.
- III.3.46.
- III.3.47.
- III.3.48.
- III.3.49.
- III.3.50.
- III.3.51.
- III.3.52.
- III.3.53.
- III.4. Fundamental Data reporting
- III.5. List of organised marketplaces
- III.6. List of Standard Contracts
- III.7. Inside Information
- III.8. Other Questions
II.4.31.
The owners of underground storage participate as counterparties in the auctions related to the purchase of cushion gas. Shall the owners of underground storage companies register as market participants?
Answer: Yes, according to Articles 2(4)(e) and 2(7) of REMIT the owners of underground storage are counterparties of transactions related to wholesale energy products under REMIT that shall be reported to the Agency. Therefore, they will be required to register as market participants under REMIT.
Please also note that Article 3(1)(vi) of Commission Implementing Regulation (EU) No 1348/2014, refers to other contracts for the supply of natural gas with a delivery period longer than two days where delivery is in the European Union irrespective of where and how they are traded, in particular regardless of whether they are auctioned or continuously traded.