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REMIT

EFETNet to offer transportation and fundamental data reporting under REMIT

EFETNet have announced that they will support  the reporting of data for gas and power transportation and capacity trades, as well as fundamental data that is to be reported by market participants. The announcement can be found here.

REMIT requires that secondary power transportation and capacity trades be reported by the market participant using the table 3 schema, and that secondary gas transportation and capacity trades be reported using table 4. Primary transportation and capacity must be reported by the TSO.

Most fundamental data must also be reported by System Operators, but there are the following exceptions which may be reported by market participants:

  • Gas balances in storage
  • Data regrading the actual and planned unloading and reloading of LNG cargoes

The addition of these reporting facilities means that a market participant is now able to report all required data via EFETNet if desired.

 

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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