ACER published a third version of its REMIT Q&A on Wednesday evening. It is an easy-read guide on the who, what, when, where of REMIT. You can find the Q&A here. The ACER portal has a lot of useful info and documents on REMIT generally. One date to look out for is 17 March when […]
Energy Connections
ACER’s need for bodies through the door
The Agency for the Cooperation of Energy Regulators – ACER – has not being shy of stating its need for extra funding so it can properly monitor energy markets and other responsibilities it will assume under REMIT. The Ljubljana-based agency has laid out what it needs in its 2015 work programme – 15 new staff. […]
VAT fraud in energy markets
Ten power and gas organisations have sounded the warning bell over fraud in EU energy markets. No case of fraud in the power and gas markets yet, but some interesting examples exist in Germany. Read this article for more.
Provisional list for REMIT trading venues published
ACER has released the provisional list of organised trading venues for REMIT. Any trades agreed through one of these platforms will needed to be reported from the first phase of trade reporting under REMIT. The agency is running a consultation until December, so changes to the list are possible.
EFET looks to increase ACER powers
The European Federation of Energy Traders – EFET – has come down relatively hard on TSOs and their representative bodies in a position paper sent to the incoming European Commission. The traders’ association wants to strengthen the role of Agency for the Cooperation of Energy Regulators (ACER) in the process of hammering EU policy, while reforming […]
REMIT webinar coming
I’ll be hosting a webinar on the practical application of REMIT next week. I’ll have Aviv Handler of consultancy ETR Advisory and Gordon Downie of law firm Sheppherd and Wedderburn. Follow this link to sign up. Here is the blurb: Established energy market intelligence provider, ICIS, has announced a free webinar which will take place […]
Holiday cover
I’m off on some holidays for the next two weeks. But do keep checking for updates, as my colleagues have promised to write some posts. F
ACER looks to establish open market places for REMIT
ACER is looking for open market places to register for REMIT purposes. Under REMIT, open market places includes all exchanges, brokers and anyone else arranging trades in Europe’s power and gas markets. The agency is looking for each market place to list the type of they arrange too. This presumably will feed into the agency’s […]
REMIT trade reporting now likely in September
I reported for ICIS on Wednesday that the European Commission looks set to extend the length of time energy companies will have to start reporting trades after the implementing acts for REMIT are published. It seems the commission has take on board the need for time to build the systems to report trades, and even […]
The difficulty of defining a derivative – part XX
The FT has reported that European authorities are postponing the reporting of all foreign exchange derivatives until MiFID II comes in, in 2017. The problem is agreeing on a definition of what is a derivative, with different countries using differing definitions – something will sound familiar to anyone aware of the debate on physical power and […]
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