In just a week - from Wednesday 7 October - Article 8 of REMIT comes into force and all market participants will have to provide ACER with a record of their wholesale energy market transactions through a selected Registered Reporting Mechanisms (RRM).
Nord Pool Spot is an RRM and so far more than 230 of our members have signed-up for Nord Pool Spot REMIT Transaction Reporting Services. This provides 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.
Where a market participant’s chosen solution is not ready for the 7 October deadline, Nord Pool Spot can act as an interim RRM. Nord Pool Spot can also deliver ACER XML files on behalf of a market participant to a third party RRM, or directly to the market participant.
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, 29 September 2015
For more information please contact:
Stina Johansen, Head of Communications, +47 916 50 603 (press inquiries)