Data reporting services of transactions on wholesale energy market in accordance with the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) 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 (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 (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). RRM is thus a function performed by a legal entity, capable of aggregating the reporting of multiple individual reporters.
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.
Who is obligated to report?
Market participants, i.e. all persons, including transmission system operators, who enter into transactions, including the placing of orders to trade, in one or more wholesale energy markets.