Inside information
Inside information
What is inside information?
Under REMIT, information is considered ‘inside information’ if it is:
- precise in nature;
- not yet public;
- directly or indirectly related to wholesale energy products; and
- likely to significantly affect wholesale energy prices if made public.
Market participants are obliged to disclose inside information and should always inform ACER via web feeds.
Inside information should be disclosed promptly and in a way that enables broad public access. This is why the disclosure of inside information effectively happens through central platforms that aggregate 'urgent messages' from market participants (i.e. inside information platforms (IIPs)). In 2020, ACER started registering IIPs as Regulated Information Services (RISs).
Related documents
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26 March 2026
Guidance and resources
Guidance and resources
ACER guidance and resources on REMIT
To help market participants and NRAs apply REMIT consistently, ACER provides a range of guidance and reference materials, including:
ACER REMIT guidance
ACER regularly publishes non-binding guidance for NRAs (together with guidance notes), providing in-depth information on specific types of market abusive practices. This helps ensure effective coordination and consistent application of REMIT. ACER also provides guidance for market participants on how to report trading data under REMIT and comply with data reporting obligations.
Guidelines and recommendations
ACER may issue guidelines and recommendations addressed to all NRAs or market participants to support consistent and effective supervisory practices and ensure uniform application of the EU law. These documents are subject to public consultations.
REMIT Q&As
ACER also publishes Q&As documents summarising frequently asked questions about REMIT. Q&As provide practical guidance to stakeholders, but do not constitute a binding legal interpretation.
Where to find these documents?
All guidance, Q&As and related documents are available on REMIT Documents and REMIT Knowledge Base, which offer an easy way to search and consult relevant materials.
Documents
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Published on 22 March 2019
Published 22 March 2018
Published on 19 June 2017
↓ See also
Market surveillance
ACER is in the unique position to carry out the market surveillance of the European wholesale energy markets. It is committed to notifying all potential instances of market abuse to the National Regulatory Authorities (NRAs) for their investigation and enforcement.
Through its market surveillance activities, ACER contributes to trustworthy market outcomes that are in the interest of European energy consumers.
How to submit questions related to REMIT?
How to submit questions related to REMIT?
REMIT Questions
Stakeholders can submit any REMIT-related questions that are not addressed in the existing documentation via the online REMIT Query Form.
How to register as a registered reporting mechanism?
How to register as a registered reporting mechanism?
RRM Registration
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 requirements.
Before initiating the registration process, please carefully read all the information to understand the requirements RRMs have to fulfil.
How to notify use of REMIT obligation exemptions?
How to notify use of REMIT obligation exemptions?
Exemption Notification
Market Participants are obliged to notify the Agency and the relevant National Regulatory Authority (NRA) when applying certain exemptions of REMIT, and should use the Notification platform application to fulfil their notification obligations on the delayed disclosure of inside information or the coverage of an immediate physical loss resulting from unplanned outages.
To report the exemptions, the following links can be used:
How to report suspicious behaviour?
How to report suspicious behaviour?
What if I suspect a REMIT breach?
Persons professionally arranging transactions in wholesale energy products, (like organised market places and trade-matching systems) have the legal obligation to monitor their operating platforms to identify market abuse behaviours. In case of any reasonable suspicion, the national regulatory authority should be informed with no delay.
REMIT for you
REMIT for you
REMIT for you
EU energy market transparency and integrity benefit everyone.
This section provides direct access to the platforms for:
- notifying potential REMIT breaches and suspicious behaviour via ACER’s REMIT Notification Platform;
- notifying the use of REMIT exemptions via ACER’s REMIT Notification Platform;
- submitting questions on REMIT;
- registering as registered reporting mechanism (RRM) or inside information platform (IIP).
REMIT Fees
The recast of the ACER Regulation included in the Clean Energy Package introduces REMIT fees in order to support ACER in undertaking its REMIT activities and the provision of its services to market participants.
The size of the REMIT fees, and the way in which they are to be paid, were determined by the European Commission (EC). The EC launched the relevant public consultation on 8 June 2020.
The European Commission’s decision was adopted on 17 December 2020 and applies as of 1 January 2021. The collection of REMIT fees started in 2021.
For further information please visit the REMIT fees section on the REMIT Documents page.
Cost-Benefit Analysis and the Integrated Model
Cost-Benefit Analysis and the Integrated Model
What is it about?
Under the Trans-European Energy Infrastructure (TEN-E) Regulation, the ENTSOs’ Cost-Benefit Analysis (CBA) methodologies aim to ensure a transparent and neutral comparison between the costs of infrastructure projects and their expected benefits. They support the selection of Projects of Common Interest (PCIs) and inform national regulatory authorities’ decisions on investment requests and cross-border cost allocation.
ENTSO-E and ENTSOG are also required to establish and progressively implement a consistent and integrated model as part of their system needs assessment and CBA methodologies. This integrated model for electricity, gas and hydrogen network planning should support both cross-sectoral infrastructure needs assessment at system level and project-specific CBAs. By improving consistency of assumptions and methodologies and better capturing interactions between sectors, it helps contribute to more coherent and cost-effective EU network planning.
Cost-Benefit Analysis and the Integrated Model
What's the role of ACER?
ACER provides Opinions on each draft cost-benefit analysis methodologies developed by the ENTSOs, as well as the interlinked model, and may request the process for CBA updates.
Documents
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October 2017
April 2017
February 2014
Cost-Benefit Analysis and the Integrated Model
Unit Investment Cost
ACER provides a cooperation framework for NRAs to establish and publish a set of indicators and corresponding reference values for the comparison of unit investment costs for projects of gas and electricity infrastructure, which could be used in CBA analysis.