Regulatory updates implemented and live for REMIT

We have updated our REMIT Hub in accordance to the latest requirements from ACER.

All updates can be already accesed and used in GEN both for Table1 and Table2. 

 

Additional values in Table 1

  1. ACER Feld 24 Energy Commodity
    Box 14 Energy Commodity, liquefied petroleum gas (LG) can also be selected in addition to gas (NG) and electricity (EL).
  2. ACER Feld 23 Contract Type
    If a contract with liquefied natural gas (LG) or power purchase agreements (PPAs) is reported, these new values must be used.
    In addition, ACER distinguishes between exchange-traded transactions in Exchange for Physical (EFPs) and Exchange for Swaps (EFSs). Both terms are explained in more detail in TRUM page 60.

    Messages for Exchange for Physical (EFPs) and Exchange for Swaps (EFSs) are reported with the following values:
    FW_EFP = Forward for Exchange for Physical
    FW_EFS = Forward for Exchange for Swaps
    FU_EFP = Future for Exchange for Physical
    FU_EFS = Future for Exchange for Swaps

    For liquefied gas , there will be a distinction between DES ('Delivery-ex-ship') or FOB ('Free-on-board'). A forward must then be indicated by the corresponding information in field 23:
    FW_DES = Forward on DES basis
    FW_FOB = Forward on FOB basis
    FU_DES = Future on DES basis
    FU_FOB = Future on FOB basis
    OP_DES = Option on DES basis
    OP_FOB = Option on FOB basis
    SP_DES = Spread on DES basis
    SP_FOB = Spread on FOB basis
    SW_DES = Swap on DES basis
    SW_FOB = Swap on FOB basis
    SWG_DES = Swing on DES basis
    SWG_FOB = Swing on FOB basis

    Power Purchase Agreements (PPAs) must be identified by the addition of "_PPA":
    SO_PPA = Spot contract concluded under a PPA
    FW_PPA = Forward contract concluded under a PPA
    FU_PPA = Future contract concluded under a PPA
    OP_PPA = Option contract concluded under a PPA
    SP_PPA = Spread contract concluded under a PPA
    SW_PPA = Swap contract concluded under a PPA


    You can also find more detailed information on how to deal with the new values in the current TRUM under https://www.acer.europa.eu/remit-documents/remit-reporting-guidance on page 58. Further details can also be found in Annex II and Annex VIII of the TRUM.

 

Additional values in Table 2

  1. ACER Feld 14 Energy Commodity
    Box 14 Energy Commodity in addition to gas (NG) and electricity (EL) also liquefied gas (LG) can be selected.
  2. ACER Feld 13 Contract Type
    If a contract with liquefied natural gas (LG) or power purchase agreements (PPAs) is reported, these new values must be used.

    For liquefied gas , there will be a distinction between DES ('Delivery-ex-ship') or FOB ('Free-on-board'). A forward must then be indicated by the corresponding information in field 13:
    FW_DES = Forward on DES basis
    FW_FOB = Forward on FOB basis
    FU_DES = Future on DES basis
    FU_FOB = Future on FOB basis
    OP_DES = Option on DES basis
    OP_FOB = Option on FOB basis
    SP_DES = Spread on DES basis
    SP_FOB = Spread on FOB basis
    SW_DES = Swap on DES basis
    SW_FOB = Swap on FOB basis

    Power Purchase Agreements (PPAs) must be marked with the addition of "_PPA":
    SO_PPA = Spot contract concluded under a PPA
    FW_PPA = Forward contract concluded under a PPA
    FU_PPA = Future contract concluded under a PPA
    OP_PPA = Option contract concluded under a PPA
    SP_PPA = Spread contract concluded under a PPA
    SW_PPA = Swap contract concluded under a PPA


    You can also find more detailed information on how to deal with the new values in the current TRUM under https://www.acer.europa.eu/remit-documents/remit-reporting-guidance on page 96. Further details can also be found in Annex II and Annex VIII of the TRUM.

 

For further information consult the oficial TRUM