ACER publishes its Final Assessment of the EU Wholesale Electricity Market Design

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ACER's Final Assessment of the European Wholesale Electricity Market Design
Intro News
ACER has published today its Final Assessment of the EU Wholesale Electricity Market Design, which fulfils the mandate given by the European Commission in October 2021. ACER will present its Final Assessment at a public webinar on the 5th May.

ACER publishes its Final Assessment of the EU Wholesale Electricity Market Design

What is it about?

The EU Agency for the Cooperation of Energy Regulators (ACER) has published today its Final Assessment of the EU Wholesale Electricity Market Design.

What’s in the report?

This ACER Final Report presents an in-depth analysis of:

  • energy price levels and drivers

  • current wholesale electricity market design

  • ways to future-proof the wholesale electricity market

  • extreme price shocks and considerations on temporary, targeted measures

  • the impact on retail markets and how to protect consumers.

ACER concludes with a set of 13 measures for policy makers’ consideration.

Key Findings

Overall, ACER finds that whilst the current electricity market design is worth keeping, some improvements will prove key for it to deliver on important challenges, including:

  • Making short-term electricity markets work better everywhere

  • Driving the energy transition through efficient long-term markets

  • Increasing the flexibility of the electricity system

  • Protecting consumers against excessive volatility whilst addressing inevitable trade-offs

  • Tackling non-market barriers and political stumbling blocks

  • Preparing for future high energy prices in ‘peace time’; being very prudent towards wholesale market intervention in ‘war time’.

ACER’s 13 measures for consideration by policy makers

ACER’s analysis has put forward a suite of 13 measures for policy makers to future proof the market design, for example to:  

  • shield those consumers that need protection the most from price volatility

  • stimulate ‘market making’ to improve liquidity in the long-term markets

  • speed up electricity market integration, implementing what is already agreed

  • better integrate forward markets

  • consider prudently the need for market interventions in situations of extreme duress and, if pursued, consider tackling the ‘root causes’.

Access the full Assessment.

Next steps

ACER published its Preliminary Assessment in November 2021. This Final Assessment fulfils the mandate given by the European Commission in October 2021.

ACER will present its Final Assessment at a public webinar on the 5th May.  

ACER publishes its Final Assessment of the EU Wholesale Electricity Market Design

13 measures to future-proof the EU wholesale electricity market design

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REMIT reporting guidance

REMIT reporting guidance

Following the revision of REMIT (2024) and of its secondary legislation (2026), ACER is gradually updating its guidance to reflect the revised legal framework. Please check the transition and application dates indicated on each document. Existing documents remain valid until the relevant new provisions apply. 

For REMIT policy, transaction reporting or general queries, please use the REMIT query form or visit the REMIT Portal. 

For previous versions of ACER documents, see REMIT documents archive.  

REMIT reporting guidance

Supporting documents

Quick-reference guides to help market participants, reporting parties and other stakeholders navigate through REMIT reporting obligations. These documents are for information purposes only and do not replace or supersede official ACER guidance documents. For comprehensive obligations, legal requirements and reporting instructions, consult the applicable legislation and official ACER guidance documents. 

REMIT reporting guidance

Transaction reporting user manual (TRUM)

TRUM v7.0

Valid until 29 October 2027

• TRUM (main text) (17/12/2024)

• Annex I – Data fields (08/01/2015)

• Annex II – Examples of transaction reporting (30/09/2024)

- XML trade examples (30/04/2021)

- How to submit trading examples for Annex II of the TRUM (06/05/2015)

- Templates for submitting trading examples (30/04/2021)

• Annex III: Reporting of REMIT derivatives contracts under REMIT and EMIR (16/11/2022)

• Annex IV: Guidance on UTI (14/07/2025)

• Annex V: Abbreviations (17/12/2024)

• Annex VI: Additional information on how to correctly report the delivery point or zone (25/09/2026)

- List of accepted EICs (25/09/2026)

• Annex VII – Guidance on reporting lifecycle events (16/11/2022)

• Annex VIII – Guidance on reporting LNG supply contracts under REMIT (30/09/2024)

• Annex IX – Guidance on the definition of organised marketplaces (17/12/2024)

 

TRUM v8.0

Valid from 29 October 2027

• TRUM (main text) (29/10/2026)

• Annex I: Guidance on reporting lifecycle events in Table 1 and Table 2 (29/10/2026)

• Annex II: Examples of transaction reporting

- How to submit trading examples for Annex II of the TRUM

- Templates for submitting trading examples

• Annex III: Guidance on reporting LNG market and trade data

REMIT reporting guidance

Guideline on REMIT transaction reporting

• Guideline on REMIT transaction reporting (29/10/2026)

• Annex on reporting of energy derivative transactions under REMIT and EMIR (29/10/2026)

REMIT reporting guidance

Guidance on reporting exposure under REMIT

Valid from 1 January 2027

• Guidance on reporting exposure under REMIT (29/10/2026)

 

REMIT reporting guidance

Q&As on transaction reporting

Relevant until 29 October 2027

• FAQs on transaction reporting (30/09/2024)

 

Relevant from 29 October 2027

• Q&As on REMIT transaction reporting (29/10/2026)

REMIT reporting guidance

Manual of Procedures (MoP) on data reporting

REMIT reporting guidance

Q&As on REMIT fundamental data and inside information

REMIT reporting guidance

Mapping between REMIT Implementing Regulation tables and electronic schemas

Valid until 29 October 2027

• Table 1 vs schema T1 mapping (29/01/2024)

• Table 2 vs schema T2 mapping (06/05/2015)

• Table 3 vs schema T3 mapping (24/03/2016)

• Table 4 vs schema T4 mapping (24/03/2016)

REMIT reporting guidance

ARIS data validation rules

REMIT reporting guidance

RRM registration

REMIT reporting guidance

List of standard contracts

List of standard contracts provided by ACER is discontinued as of the entry into force of the revised REMIT Implementing Regulation on data reporting. 

REMIT reporting guidance

Open letters on data quality

REMIT Reports and Recommendations

REMIT Reports and Recommendations

Reports on PPAETs' market surveillance

REMIT Reports and Recommendations

Reports on NRAs' activities on suspicious transactions and order reports

REMIT Reports and Recommendations

Recommendations to the European Commission

REMIT Reports and Recommendations

REMIT Quarterly

The REMIT Quarterlies are ACER's main channel of communication with stakeholders on REMIT.  These reports provide updates on REMIT-related activities, helping stakeholders stay informed.

REMIT Reports and Recommendations

REMIT Annual Reports (discontinued)

• REMIT Annual Report 2016 (07/10/2016)

• REMIT Annual Report 2015 (08/09/2015)

• REMIT Annual Report 2014 (10/06/2014)

• REMIT Annual Report 2013 (07/11/2013)

Guidance on REMIT application

Guidance on REMIT application

ACER Guidance on REMIT

Following the adoption of the revised REMIT Regulation, some documents are undergoing an update and may not reflect the most recent changes in the legal framework. Please use the documents at your own discretion.
For any queries related to REMIT policy, REMIT transaction reporting or general issues, please use the REMIT query form.

• 6.1st Edition (18/12/2024)

• 6.1st Edition in track changes (18/12/2024)

• 6th Edition (22/07/2021)

- Guidance Note 1/2019 – Layering and Spoofing (22/03/2019)

- Guidance Note 1/2018 – Transmission Capacity Hoarding (22/03/2018)

- Guidance Note 1/2017 – Wash Trades (19/06/2017)

• 5th Edition (11/05/2021)

• 5th Edition (08/04/2020)

• 4th Edition (15/10/2019)

• 4th Edition (17/06/2016)

• 3rd Edition (03/06/2015)

• 3rd Edition (29/10/2013)

• 2nd Edition (22/04/2013)

• 2nd Edition (28/09/2012)

• Comparison (28/09/2012)

• 1st Edition (20/12/2011)

Guidance on REMIT application

Q&As on REMIT

Following the adoption of the revised REMIT Regulation, some documents are undergoing an update and may not reflect the most recent changes in the legal framework. Please use the documents at your own discretion.
For any queries related to REMIT policy, REMIT transaction reporting or general issues, please use the REMIT query form.

• Q&As on REMIT (12/03/2025)

Guidance on REMIT application

Open Letters on REMIT Policy

• Open letter on recast Implementing Regulation (07/04/2026)

• Open letter on new Delegated Regulation (07/04/2026)

• Open letter on the designation of representatives by non-EU market participants and on the new obligations of persons professionally arranging or executing transactions (PPAETs), according to the revised REMIT (25/09/2024)

• Open letter on the notifications of algorithmic trading and direct electronic access according to the revised Regulation (EU) No 1227/2011 (30/07/2024)

• Open letter on the implications of the revision of Regulation (EU) No 1227/2011 on REMIT data reporting aspects and notification obligations (17/04/2024)

• Updated Open Letter on the extension of the possibility for market participants to publish inside information on their own corporate website as a backup solution (14/12/2021)

• Updated Open Letter on the withdrawal of the United Kingdom from the European Union and implications on the registration of market participants and data collection under REMIT (18/12/2020)

• Open Letter on the impact of Covid-19 on certain compliance deadlines under REMIT (20/11/2020)

• Open Letter on the withdrawal of the United Kingdom from the European Union and implications for REMIT (08/01/2019)

• Open Letter on Inside Information disclosure and the use of Inside Information Platforms (IIPs) (30/05/2018)

• No action relief on the ad hoc reporting (14/12/2017) 

• No action relief on the ad hoc reporting (15/12/2016)

• No-action letter (07/01/2015)

REMIT Documents

REMIT Documents

REMIT Legislation

Legislative documents by the European Commission governing the Agency’s REMIT activities

• REMIT Regulation (2011)

Regulation (EU) No 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency

• Regulation amending REMIT (2024)

Regulation (EU) 2024/1106 of the European Parliament and of the Council of 11 April 2024 amending Regulations (EU) No 1227/2011 and (EU) 2019/942 as regards improving the Union’s protection against market manipulation on the wholesale energy market

• REMIT Implementing Regulation (2014)

Commission Implementing Regulation (EU) No 1348/2014 of 17 December 2014 on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency

• Recast REMIT Implementing Regulation (2026)

Commission Implementing Regulation (EU) 2026/256 of 30 January 2026 on data reporting implementing Article 7c(2), Article 8(1a), Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency and repealing Commission Implementing Regulation (EU) No 1348/2014

• REMIT Delegated Regulation on authorisation and supervision of reporting entities (2026)

Commission Delegated Regulation (EU) 2026/255 of 30 January 2026 supplementing Regulation (EU) No 1227/2011 of the European Parliament and of the Council as regards the necessary details for the authorisation and supervision of inside information platforms and registered reporting mechanisms by the European Union Agency for the Cooperation of Energy Regulators

• REMIT Fee decision (2025)

Commission Decision(EU) 2025/1771 of 8 September 2025 on fees due to the European Union Agency for the Cooperation of Energy Regulators for its tasks under Regulation (EU) No 1227/2011 of the European Parliament and of the Council and repealing Commission Decision (EU) 2020/2152

REMIT Documents

Guidance on REMIT application

ACER documents on the application of REMIT, including the Agency’s initiatives related to REMIT policy

 

Following the adoption of the revised REMIT Regulation in 2024 and of REMIT secondary legislation in 2026 (recast REMIT Implementing Regulation and new Delegated Regulation), some documents are undergoing an update and may not reflect the most recent changes in the legal framework. Please use the documents at your own discretion.
For any queries related to REMIT policy, REMIT transaction reporting or general issues, please use the REMIT query form or visit the REMIT Portal.

• ACER Guidance on REMIT

ACER Guidance on the application of REMIT

• Q&As on REMIT

The Agency’s answers to frequently asked questions about REMIT policy

• Open letters on REMIT policy

The Agency’s guidance to national energy regulators and to market participants on how to fulfil their REMIT obligations to help ensure consistent application of the laws

REMIT Documents

REMIT Reports and recommendations

ACER reports on REMIT-related activities and ACER Recommendations to the European Commission

• Latest report on PPATs’ arrangements, systems and procedures and their effectiveness

The Agency’s report on market surveillance by persons professionally arranging transactions (PPATs), monitoring the establishment and maintenance of proper market surveillance arrangements, systems and procedures and their effectiveness

• Latest report on national regulatory authorities’ activities related to suspicious transactions and order reports

The Agency’s report monitoring energy regulators’ analysis of suspicious transactions, response to poor quality reporting, non-reporting and enforcement activities and penalties

• REMIT Quarterly

Quarterly updates on REMIT-related activities, guidance on the application of the REMIT framework, assessments of the operation and transparency of different categories of organised market places and ways of trading

REMIT Documents

REMIT reporting guidance & guidelines

ACER lists of reference data, ACER guidance and supporting materials on REMIT data reporting.

Following the revision of REMIT (2024) and of its secondary legislation (2026), ACER is gradually updating its guidance to reflect the revised legal framework. Please check the transition and application dates indicated on each document. Existing documents remain valid until the relevant new provisions apply. 

For REMIT policy, transaction reporting or general queries, please use the REMIT query form or visit the REMIT Portal. 

For previous versions of ACER documents, see REMIT documents archive.  

 

• Transaction reporting user manual (TRUM)

Practical guidance on how to report trading data and comply with reporting obligations.

• Guideline on REMIT transaction reporting

Clarifies policy aspects, including who must report, what and when.

• Guidance on reporting exposure under REMIT

Practical guidance and examples on exposure reporting requirements and their application.

• Q&As on transaction reporting

Answers to common business and technical questions on transaction reporting and the TRUM.

• Manual of Procedures (MoP) on data reporting

Provides technical requirements and electronic formats on reporting transactions, fundamental data and inside information

• Electronic formats

Electronic schemas for reporting data types.

• Q&As on REMIT fundamental data and inside information

Answers to common questions on the Manual of Procedures on data reporting, inside information and fundamental data.

• Mapping between REMIT Implementing Regulation tables and electronic schemas

Tables mapping data fields in the REMIT Implementing Regulation to their corresponding electronic format.

• ARIS data validation rules

Technical specifications for validating REMIT data quality.

• RRM registration

Guidance and tools for registering as registered reporting mechanisms (RRMs).

• List of standard contracts

Discontinued with the entry into force of the revised REMIT Implementing Regulation on data reporting. 

• Open letters on data quality

Ad-hoc updates on ACER’s data quality monitoring and identified areas for improvement.

REMIT Documents

Guidance on inside information collection

ACER guidance on the reporting of fundamental data and inside information
Following the adoption of the revised REMIT Regulation in 2024 and of REMIT secondary legislation in 2026 (recast REMIT Implementing Regulation and new Delegated Regulation), some documents are undergoing an update and may not reflect the most recent changes in the legal framework. Please use the documents at your own discretion.
For any queries related to REMIT policy, REMIT transaction reporting or general issues, please use the REMIT query form or visit the REMIT Portal.

• REMIT Guidance on the implementation of web feeds for Inside Information Platforms (13/12/2018)

Technical guidance on the implementation of web feeds, namely RSS or Atom feeds containing Urgent Market Messages (UMMs)

• Q&A on REMIT fundamental data and inside information (26/03/2026)

The Agency’s answers to frequently asked questions received in relation to the Manual of Procedures (MoP) on data reporting under REMIT and the collection of inside information and fundamental data

REMIT Documents

REMIT Fees

ACER guidance on the technical and operational aspects of the REMIT fee collection

• Background note on REMIT fees (14/01/2026)

Background note on the COMMISSION DECISION (EU) 2025/1771 of 8 September 2025 on fees due to the European Union Agency for the Cooperation of Energy Regulators for its tasks under Regulation (EU) No 1227/2011 of the European Parliament and of the Council and repealing Commission Decision (EU) 2020/2152

• Q&As on REMIT fees (07/10/2025)

The Agency’s answers to questions about the technical and operational aspects of the REMIT fee collection

• Annex to Q&As on REMIT fees (14/01/2026)

A summary of exceptions from the application of REMIT fees

REMIT Documents

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