Universal tool to make reporting required by REMIT (Regulation on wholesale Energy Market Integrity and Transparency) for power and gas markets fast and easy.
The effective oversight of wholesale energy markets requires regular monitoring of contract details. This includes orders to trade, as well as data on capacities and on the use of facilities for production, storage, consumption or transmission of electricity and natural gas.
The Agency for the Cooperation of Energy Regulators (ACER) is responsible for this activity in the EU but it requires data from energy businesses about their wholesale energy contracts and other specific reportable fundamental data in the form of mandatory reports.
New regulations often result in new documentations which means an increased workload unless the business has an easy-to-use instrument that does the job for you – this is the reason why we created our ACER reporting tool: REMIT Reporting. It is a universal application for all and can be easily integrated into the software network of every business.
Core features at a glance
Full regulatory compliance
Complying with the Regulation on wholesale Energy Market Integrity and Transparency (REMIT), thus reporting is a must for everyone. Therefore, we created a universal tool to make it fast and easy. Besides meeting the current reporting requirements, the use of our solution means that users do not have to deal with future amendments of the regulation because we track the changes and implement them in REMIT Reporting.
Vendor independent
REMIT Reporting is able to communicate with any vendor’s or your in-house-developed trading application so you do not need to enter the data twice, into two separate systems. Furthermore, we made it as little complicated as possible which ensures that it is easy-to-use and processes are comprehensible.
Fast deployment
The deployment and introduction of the system require a very short period of time. It is a relatively small software which uses your already existing data. The user interface is self-explanatory; therefore, little training is enough to get familiar with the straightforward process of reporting.
Top 5 benefits
Full REMIT compliance
You can easily comply with REMIT and avoid penalties.
Easy to learn
It only takes a few hours to learn how our software works.
Easy to use
The steps to create a report are straightforward.
Easy to integrate
After creating an interface with your existing trading system, REMIT Reporting is ready to be used.
Logging
You can easily track the fulfilment of your reporting obligation, as well as its content.
