Leipzig / Paris / Copenhagen, 27 May 2015. As of 7 October 2015, the European Energy Exchange (EEX), EPEX SPOT, Gaspoint Nordic and Powernext – all members of the EEX Group – will offer joint services for the reporting of the Regulation on Market Integrity and Transparency (REMIT) data. With this step, market participants will be enabled to delegate their reporting obligations to those companies.
In the framework of REMIT, market participants are currently obliged to disclose all insider information that is relevant for price building on the wholesale energy markets. This obligation can be fulfilled through the EEX Transparency platform. From 7 October onwards, all orders submitted to and transactions concluded on an Organised Market Place (OMP) such as EEX, EPEX SPOT, Gaspoint Nordic and Powernext will have to be reported to the Agency for the Cooperation of Energy Regulators (ACER). Participants can delegate the reporting relating to their trading activity on the markets of those companies to EEX, EPEX SPOT, Gaspoint Nordic and Powernext.
In order to offer REMIT data reporting on behalf of their trading participants, it is necessary for OMPs to register or to select at least one Registered Reporting Mechanism (RRM). EEX and EPEX SPOT have applied for becoming RRM recognized by ACER in the beginning of this year. To facilitate reporting for market participants, EEX, Gaspoint Nordic and Powernext will use the RRM of EEX.
The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and commodities products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT (incl. APX-Belpex), Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). For more information: www.eex.com
About EPEX SPOT
The European Power Exchange EPEX SPOT SE operates the power spot markets for Germany, France, Austria and Switzerland. EPEX SPOT also provides market operation services for the Hungarian Power Exchange HUPX and coupling services between the Czech, the Slovak, the Hungarian and the Romanian markets on behalf of three of the four local Exchanges. Since May 4th 2015, EPEX SPOT has become 100% owner of APX Group including Belpex. APX operates the power spot markets for the Netherlands, the United Kingdom and Belgium. EPEX SPOT is a European company (Societas Europaea) based in Paris with branches in Leipzig, Vienna and Bern, as well as offices in Amsterdam, London and Brussels. 275 companies are active on EPEX SPOT and APX. 382 TWh were traded on EPEX SPOTs markets in 2014, and 92 TWh on APX. For more information: www.epexspot.com
About Gaspoint Nordic
Gaspoint Nordic offers an exchange based market place for physical trade of natural gas in Denmark. The products offered all have short maturity ranging from within day to month ahead. Gaspoint Nordic provides a market place to producers, retailers, energy companies, trading representatives and large consumers on which they can buy or sell natural gas anonymous and with no credit risk. Trading at Gaspoint Nordic is based on continuous trading and is performed electronically through an internet based trading system. This market model promotes further competition and transparency hence contributing to a dynamic gas market. Gaspoint Nordic supports market based balancing in cooperation with the Danish TSO, Energinet.dk by offering extended trading hours in case of a gas supply crisis. Since January 2015 Energinet.dk and the European Energy Exchange, EEX share joint ownership of Gaspoint Nordic. For more information: www.gaspointnordic.com
Powernext is a regulated market operating under AMF supervision. Powernext manages the natural gas activities of the EEX Group under the PEGAS brand throughout Europe, and operates the National Registry for electricity guarantees of origin in France. Powernext owns 40.3% in EPEX SPOT and 20% in EEX Power Derivatives. For more information: www.powernext.com
Data Sources: Powernext