REMIT Relax

What is REMIT?

REMIT stands for the Regulation on Wholesale Energy Market Integrity and Transparency. It is a regulation adopted in 2011 by the European Parliament and the Council of the European Union, and it has direct legal effect in all EU Member States.

The primary objective of REMIT is to enhance transparency and ensure the integrity and stability of European energy markets. In particular, it seeks to prevent insider trading and market manipulation within wholesale energy trading.

The EU agency Agency for the Cooperation of Energy Regulators (ACER) is responsible for monitoring and overseeing energy markets to ensure compliance with REMIT.

Who needs to report under REMIT?

In general, all market participants active in the European wholesale energy market are subject to reporting obligations under Article 8(1) of REMIT. In addition, fundamental data relating to facilities for the generation, storage, and transmission of electricity and gas must be reported in accordance with Article 8(5).

Market participants are also required to:

• Publish inside information (Article 4), and
• Report detected suspicious incidents or potential breaches.

A detailed assessment of whether a specific entity is subject to reporting obligations should be discussed with an internal or external legal advisor, or with Corporate Compliance. PONTON can help you understand the general requirements but we would always suggest to get final legal advice regarding reporting obligations under REMIT.

Further details can be found in the Commission Implementing Regulation (EU) No 1348/2014: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014R1348

In which format do I need to report to ACER?

The required reporting format depends on the type of document or transaction being reported under REMIT. Different reporting processes require different formats, for example:

• Standard contracts must be reported under REMIT Table 1 ACER XML.
• Non-standard contracts must be reported under REMIT Table 2 ACER XML.
• Executions for non-standards are generally required to be submitted in REMIT Table 1 ACER XML format.

The detailed format specifications, including the complete list of required data fields, are set out in the Transaction Reporting User Manual (TRUM) published by Agency for the Cooperation of Energy Regulators (ACER).

The TRUM also provides guidance and practical examples clarifying when a trade must be reported under Table 1 and when it falls under Table 2.

The TRUM is available at: https://www.acer.europa.eu/transaction-reporting-user-manual-trum

What is REMIT II?

REMIT II is the updated version of the REMIT reporting framework, which was originally introduced in 2011. Over the years, the energy market has evolved, and REMIT II reflects these changes by incorporating new trading practices, including algorithmic trading.

At the time of writing, not all REMIT II updates are fully published. However, it is expected that the reporting format will change, including updates to the ACER XML structure and the addition of new data fields. These structural updates will be finalized once the TRUM (Transaction Reporting User Manual) becomes available, which is expected around Q3 2026.

For a more detailed explanation of REMIT II, including its requirements and implications, please visit Equias' comprehensive FAQ on REMIT II: https://www.equias.org/remit-faqs/.

How can the REMIT Relax Excel Converter support me?

The REMIT Relax (PONTON R/R) Excel Converter supports you in generating reporting documents that are fully schema-valid and compliant with REMIT reporting requirements.

You can simply enter or copy your data into a predefined Excel template and upload the file to the platform. The Excel templates do not contain any macros; all validation and processing are performed securely within the service.

In addition to Excel uploads, the platform provides an online editor. This allows you, for example, to copy an existing transaction and reuse it easily for a new trade, reducing manual effort and the risk of errors.

Once the document has been successfully processed, you can download the generated XML file and submit it to your Registered Reporting Mechanism (RRM). PONTON R/R can generate Unique Transaction Identifiers (UTIs) and write them back into the Excel file for your records. You may also download the updated Excel file.

See the features section for how REMIT Realx can support you

How can I generate a UTI?

When reporting trades under ACER (Table 1 and Table 2), each trade must receive a UTI (Unique Transaction Identifier). The UTI must be aligned with the Counterparty and should follow the ACER UTI Algorithm which is stated in the Annex IV of the TRUM. PONTON R/R is following this Algorithm and generates the UTI if you require PONTON R/R to do this. The UTI is then additionally stored back into the source Excel File, so you can easily extract it into your documents.

More Information: https://www.acer.europa.eu/annex-iv

How can I submit my reports?

You can submit the generated reports to the RRM you are using, e.g. the Equias CMS which enables reporting to ACER within the eRR Process: www.equias.org

How can I find a description for the fields within the Excel template?

The fields in the Excel templates align with the ACER TRUM (Transaction Reporting User Manual). Each column in the template has a number at the top, which corresponds to a field name in the TRUM.

The TRUM provides these field numbers along with descriptions of the expected values. For example, in Standard Contracts (ACER Table 1), field/column 11 represents the BUY/SELL Indicator, a text field with a length of 1 character.

These field numbers are available only for REMIT Table 1 and REMIT Table 2.

How can I automate the reporting process?

PONTON R/R is primarily designed as as a simple solution for companies with limited reporting obligations or a backup solution for uncommon situations or emergencies, allowing you to quickly meet reporting deadlines by manually entering values.

If you want to fully integrate the reporting process into your trading systems, PONTON offers tailored solutions for automation. For example, PONTON E/A can be integrated with many ETRM systems and provides multiple interfaces for seamless reporting.

More information is available here: https://www.ponton.de/ponton-ea