See here for a post from Tilo Zimmerman of Ponton on LinkedIn on the data quality of REMIT data. It is now over 2 months since off venue reporting commenced, and there are just over 3 weeks to go until the REMIT “backloading” deadline, on 6th July, by which time any contract struck before 7th April but whose delivery had not completed on that date must be reported.
Once that date has passed, in theory, ACER and the other NRAs will be able to carry out surveillance on the data and look for possible breaches of REMIT’s anti manipulation rules. However, in order to do so, the quality of the data must be adequate. KPIs such as those mentioned in the post will be useful in ensuring that the data is useful, and that the significant efforts on the part of the industry are put to good use.