The rate of ACER Code registration

It is now nearly two weeks since the final “backloading” deadline under REMIT passed, on 6th July. By that date, any contract that was in delivery on 7th April 2016 and struck before that date needs to have been reported to ACER via a Registered Reporting Mechanism(RRM).

This post by Tilo Zimmerman of Ponton GmBH on LinkedIn analyses the rate at which new ACER Codes have been issued. These are created when a market participant registers in the CEREMP(Central European Repository of Energy Market Participants). It is mandatory to have an ACER code when reporting (and in some cases even if not reporting).

The post looks at the rate of new code issuance,  which does not seem to have flattened, and suggests that many market participants may well have treated the backloading deadline as the “real” reporting deadline. Even now, registrations appear to be increasing. This would imply that many market participants are still coming to grips with the requirements, and trying to fulfil their reporting obligations under REMIT Article 8.