Regulatory Requirements

Regulation on Wholesale Energy Market Integrity and Transparency

> EU REMIT 1227/2011

In article 4.1, REMIT requires all market participants to disclose inside information in respect of business or facilities.

‘Such disclosure shall include information relevant to the capacity and use of facilities for production, storage, consumption or transmission of electricity or natural gas or related to the capacity and use of LNG facilities, including planned or unplanned unavailability of these facilities.’

With the purpose of providing more clarity, the Agency for the Cooperation of Energy Regulators (ACER) states in its 4th Guidance (updated on 17 June 2016) on page 29:

‘Regardless of whether indicative thresholds are applied by market participants, NRAs should ensure that market participants are aware that a planned or unplanned change in the capacity or output of any size at a facility for production, storage, consumption or transmission of natural gas or electricity may constitute inside information if it meets the criteria outlined in Article 2(1) of REMIT. It is up to market participants to judge whether information that they hold constitutes inside information and therefore needs to be made public.’

Regardless of whether current or future inside information is actually available, ALL market participants are obliged to specify a place for the disclosure of inside information (REMIT article 9). Regulatory authorities require a far-reaching accessibility of data, which publication on individual websites cannot fulfill. To this end, ACER fully recommends the use of platforms such as EEX Transparency Platform. ACER does not collect web feeds directly from Market Participants’ websites.

EU Transparency Regulation

> EU 543/2013

REMIT Art. 2.1 also refers to the Transparency Regulation. Market participants are obliged to forward data to ENTSO-E in respect of the installed capacity, actual generation and information relating to the unavailability of generation, production and consumption units.

Market Abuse Regulation

> EU MAR 596/2014

Article 17.2 of the Market Abuse Regulation requires emission allowance market participants to disclose

‘…inside information concerning emission allowances which it holds in respect of its business, including aviation activities […] or installations …

With regard to installations, such disclosure shall include information relevant to the capacity and utilisation of installations, including planned or unplanned unavailability of such installations.’

Member Impact

REMIT

According to REMIT, market participants are required to:

• specify where they will publish potential inside information during their registration as market participant,
• disclose inside information for business or facilities of any size,
• ensure effective and timely publication of data,
• forward  this data to authorities, such as ACER.

EU Transparency Regulation

The EU Transparency Regulation requires market participants to forward REMIT data to ENTSO-E according to article 4, 7, 14, 15 and 16.

MAR

MAR obliges market participants to:

• disclose inside information for business and facilities, including aviation activities,
• actively distribute data to relevant media,
• draft and maintain an insider list,
• disclose managers’ transactions in emission allowances,
• draft and maintain a list of managers and their affiliates.

Reporting Services & Fees

The EEX Transparency Platform is an effective solution for the timely disclosure and forwarding of business and facility inside information in compliance with REMIT, EU Transparency Regulation and MAR.

With our services we help you to fulfil all your regulatory requirements.

Subscribe to our services and we will:

• disclose and forward your inside information in compliance with REMIT and MAR,
• forward this inside information to further authorities on demand,
• actively distribute your data to relevant media via our Push Service.

Additional Services

Data forwarding to ENTSO-E

• EEX is an approved data provider of ENTSO-E regarding EU Transparency Regulation 543/2013 article 4.2.
• data forwarding in respect of the installed capacity, actual generation and information relating to the unavailability of generation, production and consumption units

EEX Online Tool for Reporting of Business Inside Information

• publication via  Ad-hoc Ticker.
• compliant with REMIT and MAR

EEX Online Tool as Backup

The EEX Online Tool is the reporting tool for customers without physical facilities, and is used for the transmission of business inside information.

However, it can be used as an additional backup solution for customers with facilities:

• emergency tool in case of customers reporting system failure
• transmission of inside information via text messages
• secure and certificate-based browser solution offering simple access

Contract and Fees

In order to use the EEX Transparency Platform, please contact the EEX Transparency Support team to set up the standard data delivery contract.

Prices vary depending on services purchased*:

For further details, please download the EEX price list.

^{* Only the respective current price list is legally binding.}