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REMIT Reporting

Dear Partners,

According to Art.3. item 1.b) of the COMMISSION IMPLEMENTING REGULATION (EU) No 1348/2014 of 17 December 2014 on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency, hereinafter referred to as IR, the Market Participants shall report to ACER the contracts related to:

"(b) Wholesale energy products in relation to the transportation of electricity or natural gas in the Union:

(i) Contracts relating to the transportation of electricity or natural gas in the Union between two or more locations or bidding zones concluded as a result of a primary explicit capacity allocation by or on behalf of the TSO, specifying physical or financial capacity rights or obligations,

(ii) Contracts relating to the transportation of electricity or natural gas in the Union between two or more locations or bidding zones concluded between market participants on secondary markets, specifying physical or financial capacity rights or obligations, including resale and transfer of such contracts,

(iii) Options, futures, swaps and any other derivatives of contracts relating to the transportation of electricity or natural gas in the Union."

For the Market Participants the above cited reporting obligation starts from 7th April, 2016.

In order to fulfil directly its own reporting obligation, FGSZ started the "RRM" (Registered Reporting Mechanism) registration procedure at ACER.

After the registration, FGSZ will transmit its own REMIT report directly to ACER. However, if any Market Participant requires, FGSZ intends to offer REMIT Reporting Services in case of primary and secondary capacity transactions. Due to reasons beyond its competence, FGSZ cannot guarantee that the registration procedure will end until 7th April, 2016 and because of that most probably it will not be in the position to offer to its Partners the reporting services beginning from this date.

FGSZ will announce its Partners about the end of the "RRM" registration and will make it accessible all the documents related to the REMIT Reporting Services for those Partners who will be interested in it in due time.

Furthermore, FGSZ informs the members of its Trading Platform that ACER does not consider the Trading Platform as being an "OMP" (Organized Market Place) and thus the contracts for balancing services concluded on the Trading Platform shall not be reported until 31st December 2016 in conformity with Art. 4., 1.(d) of IR and "No-action" letter of ACER dated 7th January 2015.

Best Regards, 

FGSZ Ltd


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