Eurelectric response to the ACER consultation on the revision of the REMIT implementing regulation

KEY MESSAGES

• Simple reporting structures should be one of the key objectives and requested data under the transaction reporting obligation must be proportionate to the needs of ACER and the scope of REMIT II.

• Reporting of trading strategies must be avoided in any event as it lacks the legal basis and it is operationally impractical due to missing definitions and manual intervention for each transaction by the trader.

• Algorithmic trading and DEA requirements must align with the legal provisions of the revised REMIT (2024) while ensuring no additional burdens are imposed on market participants.

• For further information, we refer you to the joint statement adopted by the Joint Energy Associations Group in addition to this Eurelectric consultation response.