III.2.11.

We would like to register as an RRM. Is the registration process connected with any kind of fees?

Answer: According to Article 4(3) of the REMIT Fee Decision^[1], in case an entity applies to become a registered reporting mechanism(RRM), ACER shall send the entity an invoice amounting to 50 % of the flat enrolment fee component pursuant to point (a) of Article 5(1) of the REMIT Fee Decision, and only accept the application once the invoice is paid. Where ACER rejects the application because the entity does not comply with the requirements pursuant to Article 11 of Commission Implementing Regulation (EU) No 1348/2014, the entity is not entitled to a reimbursement of the paid fee.

After the registration of an entity as RRM, ACER shall send the entity an invoice over the remaining fee consisting of 50 % of the flat enrolment fee component pursuant to point (a) of Article 5(1) of the REMIT Fee Decision and, unless the RRM declares that it will solely report fundamental data, the transaction records-based component pursuant to Article 6(4). For more information, we invite you to consult the Q&As on REMIT fees.

[1]Commission Decision (EU) 2020/2152 of 17 December 2020 on fees due to the European Union Agency for the Cooperation of Energy Regulators for collecting, handling, processing and analysing of information reported under Regulation (EU) No 1227/2011 of the European Parliament and of the Council.