Following yesterday’s release of new versions of the REMIT Q+A and Transaction Reporting FAQ documents, ACER has also released this letter of “No Action Relief”, applying on contracts which are “reportable on demand” under REMIT Article 8. The letter extends such relief from the previously announced expiry of 31 December 2016 to 31 December 2017.
REMIT requires that orders, transactions, framework contracts, transportation contracts and fundamental data be reported to ACER, usually via a Registered Reporting Mechanism. These requirements have been fully in place since July 2016. However, some transaction types are not generally reportable under REMIT, but are reportable upon “reasonable request” by either ACER or a National Regulatory Authority(NRA). The REMIT Implementing Act Article 4 specifies such transaction types as:
- Intragroup contracts
- Contracts for the physical delivery of electricity produced by a single production unit with a capacity equal to or less than 10 MW or by production units with a combined capacity equal to or less than 10 MW
- Contracts for the physical delivery of natural gas produced by a single natural gas production facility with a production capacity equal to or less than 20 MW
- Contracts for balancing services in electricity and natural gas.
ACER has previously released a similar letter stating that until 31 December 2016, data around the above transaction types would not be requested by them. The new version of the letter extends this by a year, to 31 December 2017. However the scope of the letter only applies to requests from ACER, not NRAs.