ACER issued the latest “REMIT Quarterly” newsletter on Friday, which can be found here. Topics covered include:
- Data quality – Work that ACER and National Regulatory Authorities (NRAs) are carrying out to improve data quality. This section also announces that:
- A new “letter on data quality” will soon be published.
- They are going to pay attention will be paid to the application of the new TRUM.
- There will be a supervisory focus on life-cycle events.
- Fees – Fees will soon be levied on RRMs which will be passed on to market participants. The recent consultation can be found here.
- Completeness/delivery profiles – ACER have been checking for consistency in reporting between total energy reported and that contained within the delivery profile.
- Negative prices – An article is included starting on page 3 looking at negative prices and how they may lead to market abuse.
- Artificial intelligence (AI) – An article is included starting on page 6 on the application of AI and machine learning (ML) in energy trading and surveillance. It alludes to the use of AI/ML in trading, and how this may lead to abuse (inadvertent or not) as well as the use of AI and ML in surveillance.
There are also a few final matters mentioned such as the recent set of documents published (see here).