How Etpa Handles REMIT Reporting for Customers

Ensuring compliance under the ACER framework

At Etpa, we recognize the complexities of REMIT (Regulation on Wholesale Energy Market Integrity and Transparency) reporting and offer a seamless solution to ensure compliance for our market participants trading on our platform. We provided an integrated REMIT reporting service that simplifies your obligations under this framework towards the ACER (Agency for the Cooperation of Energy Regulators).

Our REMIT reporting service

Etpa acts as organised marketplace (OMP) and is obliged to send in all order & trades to the ACER under REMIT. Etpa therefore also acts as a Registered Reporting Mechanism (RRM), enabling not only our OMP, but also market participants to meet their reporting obligations effectively.

1. Agreement and onboarding:

• Upon joining our platform, customers sign the Etpa REMIT Reporting Agreement, which delegates the responsibility of reporting REMIT transactions to us.
• This ensures compliance with Article 6(1) of the Implementing Acts, mandating the use of RRMs for submitting Order & Trade data to ACER.

• • Etpa collects all necessary order and trade data for its market participants. This includes lifecycle events (modifications, matches or cancellations) for orders, which users caused those order lifecycle events, and of course all necessary trade information (counterparts, partial matches, etc).
  • All orders (and trades) quoted on our OMP are submitted using Table 1 under REMIT and are standard contracts (see here the list of the registered Etpa’s tradable products)
  • Static data such as: the market participant’s ACER code are maintained in our system to ensure accurate submissions

• • Order & Trade data is validated against ACER's technical requirements, ensuring accuracy and compliance.
  • Once validated, Etpa submits the data to ACER via its ARIS (ACER REMIT Information System) interface, meeting all reporting deadlines.
  • Order & trade data are submitted every morning for all lifecycle events that happened a day earlier.

• • Once an error is received by Etpa’s RRM, we evaluate and ensure the resubmission of potentially incorrect data.

• • Participants are kept informed of all our submissions on their behalf. A so called market participant ”receipt confirmation file” is sent to the participant’s email address to confirm the Order & Trade submission.

• • Etpa ensures your reporting data remains up-to-date, adapting to any regulatory changes and tested with every new Etpa release.
  • Our team is available to assist with any additional requests from ACER or national regulatory authorities (NRAs).

What participants do need to provide

To ensure smooth REMIT reporting, participants must:

1. Provide initial details:
   
   • The ACER code you’ve registered with the NRA, and some company details like email addresses to receive the confirmation files.
2. Keep information updated:
   • Notify Etpa promptly of any changes to organisation details or contact information.

More information on what is required from participants can be found in the Etpa REMIT Reporting Agreement 

Steps to get started with Etpa REMIT reporting

1. Sign the reporting agreement: You'll receive the agreement via email as an e-signing document.
2. Provide necessary details: Submit static data like your ACER code and contact information. The necessary steps can be found here.
3. Begin trading: Once onboarded, all eligible transactions will automatically be included in the reporting process.

Our process ensures compliance, data integrity, and market transparency. If you have further questions or need assistance, contact our support team.