REMIT Reporting Services and Solutions - July 2015 updated March 2016
Any legal entity that either trades in the market or with covered physical assets must carry out registration, which is
free. Certain fields in the register will be made publically available for download from the ACER website, which is
important to be able to correctly report certain fields.
3 Reporting – Why?
Before considering HOW to report, it is worth looking at WHY the reporting is required. In general, the reason for
reporting is so that the regulators, which comprise ACER and local National Regulatory Authorities (NRAs) can
monitor the market for signals of breaches of REMIT Articles 3 and 5. As a result, Article 8 requires market
participants to report, and Article 7 authorises ACER to monitor the market.
ACER, the Agency for the Coordination of Energy Regulators, has been tasked with coordinating data collection, and
also for monitoring the market as a whole. At the same time, each NRA is also responsible for monitoring their own
market local markets. ACER will collect the data from across all of the markets and will aggregate it in a large
database called ARIS, ACER’s Regulatory Information Service. The database is fed from many sources, including
dedicated collection entities called “RRM”s, Transmission System Operators (TSOs) and others, including EMIR Trade
Repositories (TRs). The data is then used as a feed to a surveillance system, which is run by ACER on the data. The
system provides signals for ACER’s newly formed monitoring team to investigate potential breaches. The system
ACER have chosen is the “SMARTS” system sold by Nasdaq OMX. The entire architecture is summarised in this
diagram from ACER:
Source: ACER Documentation
Copyright 2016 – ETR Advisory Ltd and Commodity Technology Advisory LLC
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