This information note on how to register for REMIT will be of particular interest to electricity and gas market participants.
Click here to register for REMIT.
The Regulation on Energy Market Integrity and Transparency (REMIT), was enacted on 28 December 2011 and provides for an EU-wide market rules and monitoring framework related to wholesale energy markets in electricity and gas. For further information on REMIT please see ACER’s (Agency for the Cooperation of Energy Regulators) website here.
REMIT requires market participants, or third parties on their behalf, to report energy transaction data to ACER, which ACER can assess for compliance with REMIT’s market rules. Implementing Acts (which specify the criteria, format and timing for transaction reporting to ACER) were adopted by the European Commission in December 2014 and entered into force on 7 January 2015.
Under REMIT, market participants that report to ACER as set out in the Implementing Acts are required to register with the relevant National Regulatory Authority (NRA). For Northern Ireland, this is the Utility Regulator.
Reporting to ACER for reportable wholesale energy supply and derivatives contracts executed at organised marketplaces, and for ENTSO-E and ENTSOG fundamental data, applies from 7 October 2015. Reporting to ACER for other reportable wholesale energy market contracts (OTC standard and non-standard supply and derivatives contracts, transportation contracts), and for additional fundamental data, applies from 7 April 2016.
Market participant registration
Market participants must register with the Utility Regulator under REMIT. The only exception, as stated in Article 4 of the Implementing Acts, is for market participants that only engage in the following, if the trades are not concluded through an organised market place:
• Contracts for the physical delivery of electricity produced by a single production unit with a capacity equal to or less than 10 MW or by production units with a combined capacity equal to or less than 10 MW and;
• Contracts for the physical delivery of natural gas produced by a single natural gas production facility with a production capacity equal to or less than 20 MW.
The registration process through the CEREMP system will provide all registered market participants with a unique identifier called an ACER code which will be used in reporting data to ACER under REMIT.
The information required for market participants to register on the CEREMP system was decided on and set by ACER in Decision No 01/2012. A primary goal when drafting this decision was to ensure that the registration process is consistent for all market participants. The registration process, as reflected by CEREMP, has five parts:
• Data about the market participant;
• Data about natural persons linked to the market participant;
• Data about the ultimate controller of the market participant;
• Data about the corporate structure of the market participant; and
• Data about the delegated parties for reporting on behalf of the market participant.
Registration process
The first step in the registration process is the market participant registering a username with the CEREMP platform. Once set-up on the CEREMP system, the market-participant then completes the first phase of a two phase registration process. The information required for the first phase relates to the market participant, natural persons who will be associated with the market participant, the ultimate beneficiary of the actions of the market participant and, optionally, information relating to any delegated party which may be reporting transactions to ACER on the participant’s behalf.
Users should note the following:
• You will first need to register an account, which will be confirmed by the Utility Regulator.
• You will then receive an email which will ask you to activate your account.
• Once your account has been activated, you should follow the link and use the ‘token’ to complete registration:
• tokens are time limited to 1 hour, and are automatically renewed.
• Users are advised to take advantage of being able to save drafts, this will allow you to resume where you left off when you enter your new token.
• ACER have published a questions and answers document relating to registration, which can be found here
Phase 2 of the registration process requires market participants to identify their corporate structure, for example parent company/subsidiary relationships.
Contact details
For further information or any related queries please contact MarketMonitor@uregni.gov.uk