ACER have recently closed a consultation on the Centralised European Register of Energy Market Participants (CEREMP), the register in which all market participants must lodge an entry as part of REMIT, resulting in the allocation of an ACER code. The register requires market participants to provide several pieces of data relating to their entity, the group to which they belong, and also certain technical details such as which RRM will be used for REMIT reporting. The consultation document can be found here.
The consultation suggests some new and amended fields in the CEREMP, and also contains questions about the usefulness of the formats. There are a few items that are of particular note:
- EIC Codes – It is suggested that all EIC codes associated with the entity be registered. The requirement to register extra location information is also suggested as is information about the owner of facilities managed by someone else.
- TraderID – There is a suggestion that the identifier of traders be registered in the CEREMP, thus binding them to the entity.
- Inside information – a more specific link to the location of published inside information is requested. This would become more useful once the new required data formats for inside information enter into force on 1 January 2017.
- ACER Code history – a suggestion that changes to ACER codes are logged together with a change explanation.
- Corporate structure – a suggestion that more information on the entity’s group, including information on unregistered entities, be provided.
- Requirement of OMPs to check registration – a suggestion that it become a legal requirement on a European OMP (Organised Market Place) to check that market participants are registered in the CEREMP.
Europex have issued a response to the consultation which can be found here. There is push back on the registration of Trader IDs, and the OMP registration requirement.
The resulting new fields are scheduled to be published on June 30th, to go into effect on 1st January 2017.