Data reporting services of transactions on wholesale energy market in accordance with the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) and Regulation amending Regulations (EU) No 1227/2011 and (EU) 2019/942 as regards improving the Union’s protection against market manipulation on the wholesale energy market (short: REMIT II) for the market participants of the electricity and gas market.
REMIT - RRM reporting services includes
- Reporting of data on transactions concluded on the BSP Southpool Energy Exchange
- Preparation and submission of data on transactions concluded on the BSP Southpool Energy Exchange
- Reporting of bilateral transactions concluded on the energy market
- Reporting of contracts on electricity or natural gas transmissions in the EU between two or more locations or areas
Slovenian energy exchange BSP
BSP d.o.o., Slovenian Energy Exchange, has entrusted Borzen with the reporting of transactions on wholesale energy market in accordance with the REMIT regulation. In this way, Borzen allows for easy reporting on contracts and transactions concluded on the energy exchange for all members.
Why choose Borzen
Benefits of working with us:
- We ensure appropriate compliance with your legal obligations;
- User-friendly and transparent application with 24/7 access;
- Technical support and helpdesk for users;
- Borzen is registered with ACER;
- Satisfied clients.
About REMIT
In 2011, the European Commission adopted the Regulation on Energy Market Integrity and Transparency (short: REMIT), which introduced a new concept of the regulation of the European electricity and gas market in order to increase its transparency and integrity. The regulation is carried out by the European Agency for the Cooperation of Energy Regulators (short: ACER). Due to a high number of market participants who are obliged to report records of transactions, ACER has approved eligible third-party Registered Reporting Mechanisms (RRMs) to ensure the uniform reporting. RRM is thus a function performed by a legal entity, registered and approved by ACER.
Pursuant to Article 8 of the REMIT regulation, the European Commission adopted an implementing act on 17 December 2014, which specifies the obligations set out in the regulation.
In May 2024, the new Regulation amending Regulations (EU) No 1227/2011 and (EU) 2019/942 as regards improving the Union’s protection against market manipulation on the wholesale energy market (short: REMIT II) came into force.
ACER, in connection to REMIT II, also published an open letter on the implications of the revision of Regulation (EU) No 1227/2011 on REMIT data reporting aspects and notification obligations.
Who is obligated to report?
All electricity and gas market participants that are required to report data on wholesale energy transactions in accordance with the Regulation on Energy Market Integrity and Transparency (short: REMIT), Implementing Regulation on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency and Regulation amending Regulations (EU) No 1227/2011 and (EU) 2019/942 as regards improving the Union’s protection against market manipulation on the wholesale energy market (short: REMIT II).