The revised REMIT regulation aims to improve protection for businesses and citizens against potential market abuses in the energy sector, aligning it with current frameworks. It will come into effect on May 7, 2024.

The REMIT regulation, a key EU legislation, monitors transparency and integrity in wholesale electricity and gas markets to prevent manipulative practices and insider trading.

ACER's letter addresses key aspects of the REMIT regulation revision, including changes in definitions and obligations for organized markets, reporting requirements for gas and electricity storage contracts, market balance contracts, market exposure reporting, and more.

The letter is intended for all entities involved in REMIT data communication or subject to notification obligations under the regulation, providing guidance on various new reporting and notification requirements.