​​​REMIT protects the integrity of wholesale electricity and gas markets by reducing instances of market abuse and increases the EU consumers' confidence in market outcomes. 

Market abuse can be either market manipulation or insider trading.

REMIT prohibits market participants to engage in or attempt market manipulation​. This includes performing fa​​​lse or misleading transactions, price positioning which secures or attempts to secure the price at an artificial level, as well as transactions involving fictitious devices or deception, and the dissemination of false and misleading information.

REMIT prohibits using or disclosing inside information​ or recommending other persons to use inside information – with few strict exemptions. ​

When you suspect a breach of REMIT, do not hesitate to report this through the Notification Platform​.

The first figure shows the stock of potential REMIT breaches under assessment by NRAs at the end of each year.

The second figure shows the type of REMIT breaches reported to or by the Agency as a percentage over the total number of potential REMIT breaches reported.

The map shows the number of ongoing potential REMIT breach cases under assessment per Member State.

When a REMIT breach is found in the European wholesale energy markets, the final decision of enforcing the REMIT breach lies with the relevant national regulatory authority (NRA). ACER facilitates the delivery of consistent case-related decisions from the European NRAs in a coordinated way.

This decentralised approach fosters the prohibitions of market manipulation and insider trading, the obligations to publish inside information, to report data, to register as a market participant, to report suspicious behaviour as well as to have mechanisms in place to detect suspicious market behaviours.

ACER ensures the REMIT breach case reviews and investigations occur in a harmonised way. The Agency also coordinates with the European Securities and Market Authority (ESMA), financial authorities, competition and other relevant authorities.​

​Case coordination is currently achieved via:

• Specific coordination activities​ (mostly case meetings and exchanges of information)

• Large-scale coordination meetings​

• ACER Guidance​

• The provision of appropriate and secure IT infrastructure

The European Commission's Implementing Regulation (2014) set the conditions to uniform the implementation of the data reporting obligation.

The Implementing Regulation indicates the:

• list of contracts and derivatives, including orders to trade, which are to be reported under Article 8 of REMIT,

• minimum thresholds for the reporting of transactions, as well as the list of contracts to be reported only upon a reasoned request from ACER,

• uniformed rules on the information reporting to be provided under Article 8 of REMIT,

• timing and form in which the information is to be reported.​​

Since 2015, ACER has provided all reporting parties with guidance on how to report transactions, including orders to trade and fundamental data.

The documents are available in the REMIT reporting guidance section of the REMIT Documents page, and are updated on a periodic basis to ensure the harmonisation of data reporting and to reflect any new developments of the energy market design.​​

​​ACER regularly produces and updates a non-binding Guidance for National Regulatory Authorities to ensure effective coordination and consistency in their monitoring activities under REMIT (particularly Article 2).

The Guidance concerns the application of REM​IT, ensuring that the application of the definition reflects the evolving market conditions, the latest experience gained in the REMIT application, as well as the fe​​edback received from market participants and other stakeholders.

ACER also publishes Guidance Notes, providing in-depth information on specific types of market abusive practices.​​

Stakeholders can submit any REMIT-related questions that are not addressed in the existing documentation via the online REMIT Query Form.

Registered Reporting Mechanisms (RRMs) report trade and/or fundamental data directly to ACER under REMIT. 

RRMs must comply with the technical and organisational requirements for the reporting of data defined in the RRM Requirements document, and are registered by ACER to provide the service of reporting.

The process on how to register an RRM is described in the RRM Require​ments.

Before initiating the registration process, please carefully read all the information to understand the requ​irements the RRMs have to fulfil.