The Polish Power Exchange (TGE) have today announced that they will be offering a “full” RRM under REMIT. A full RRM offers the ability to report all types of trade and order data under REMIT, including off venue data and data from other venues. The press release can be found here.
Organised Market Places (OMPs) such as TGE are obliged to “offer a data reporting agreement” under REMIT, which requires the OMP to forward data that arises from its platform to ACER. A full RRM offers the ability to forward any type of data, no matter where it originated from. In the case of TGE, this obligation is being fulfilled, but members could also chose to forward all other types of data to ACER via their RRM. Some OMPs, including Nordpool Spot, have also launched full RRMs. However others, such as EEX are sticking to fulfilling their obligation to report only their own data.
This launch brings to the table yet another different offering in the diverse spectrum of options to fulfil the first part of REMIT reporting, due on 7th October 2015.