ACER has released several new documents over the past few days, including an updated transaction reporting FAQ document which was released today and can be found here.
Yesterday, ACER released this second open letter on data quality. The letter gives many examples of items typically reported incorrectly. In addition, it indicates that those who do not cooperate with ACER and National Regulatory Authorities(NRAs) in fixing data may face sanction. Some of the issues listed also relate to untimely reporting, and possible missing reports. For example, it states that ACER or NRAs may investigate entities registered int he central “CEREMP” database, who have not reported (However, there could be some scenarios where this may be permitted).
Some other updates have also been made:
- An updated “Manual of Procedures” for the reporting of data. (here)
- An updated document and list of acceptable EIC codes to be used for delivery points. (here)
- A new list of LNG facilities about which fundamental data reporting is to be made. (here)
All of the above, are part of the general trend to “make things work” (see here). The data in question is used by ACER and NRAs to monitor for market abuse. As the data is improved we can expect to see more cases.