From 7 October 2015 market participants are required by Article 8 of REMIT to provide ACER with their record of wholesale energy market transactions through a selected Registered Reporting Mechanisms (RRM).
As a registered RRM, Nord Pool Spot is pleased to confirm that we will offer market participants an automated, secure and flexible REMIT Transaction Reporting Service from day one.
Testing commences 9 September
For market participants who have already registered to use Nord Pool Spot’s REMIT reporting service, end-to-end testing will commence from 9 September. As part of the testing, market participants will be able to access the REMIT Reporting Portal, download the xml report files and access ACER receipts.
To take part in the testing, simply notify Nord Pool Spot at firstname.lastname@example.org. Once registered, we will distribute and send out login ID’s to access the test environment, along with login instructions and a link to the REMIT service user manual.
Not signed up yet?
Signing up for Nord Pool Spot’s REMIT Transaction Reporting Service is easy. Simply complete the registration form on our website and we will activate the service. To participate in end–to–end testing with ACER, market participants need to sign up as soon as possible.
The market participant will need to register with ACER that Nord Pool Spot is their preferred RRM. Nord Pool Spot AS (valid for all markets including the UK N2EX market) is a RRM with the following ACER Code: B0000116N.NO
Nord Pool Spot’s REMIT Transaction Reporting Service
Nord Pool Spot’s service gives market participants a flexible solution with automated reporting of contracts traded on Nord Pool Spot/N2EX day-ahead and intraday markets directly to the ACER system, simply and efficiently meeting all participant obligations under REMIT.
In addition Nord Pool Spot can, as part of our service, deliver ACER XML files on behalf of a market participant to a third party RRM, or directly to the market participant.
If a market participant’s chosen solution is not ready for the 7 October deadline, Nord Pool Spot is happy to act as an interim RRM. If you have any questions regarding REMIT reporting, please contact your Regional Market Manager.
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 380 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2014 the group had a total turnover of 501 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 8 September 2015
For more information please contact:
Stina Johansen, Head of Communications, +47 916 50 603 (press inquiries)