New REMIT Quarterly published

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).

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