REGIS-TR, the joint venture between Clearstream (Deutsche Börse) and Iberclear (BME), says it has established a new collaboration with the European Energy Exchange (EEX), Gaspoint Nordic and Powernext.
This enables customers of the three energy exchanges to report data to ACER (agency for the co-operaation of energy regulators) through the European trade repository to fulfill their obligations according to REMIT. EEX, Gaspoint Nordic and Powernext are members of EEX Group which in turn is part of Deutsche Börse.
The Regulation on Energy Market Integrity and Transparency (REMIT) requires market participants to report wholesale energy market contracts within the EU via a Registered Reporting Mechanism (RRM) such as REGIS-TR. Standardised contracts on organised market places will need to be reported from October 7 2015 onwards, whereas the REMIT reporting obligation for all other contracts will enter into force on April 7 2016.
The REMIT reporting service of EEX, Gaspoint Nordic and Powernext allows trading participants to delegate their reporting obligations of transaction data to the three organised market places. This includes all relevant trades concluded on these exchanges or entered via the trade registration function, as well as orders. The service is complemented by the option to submit all those transactions to REGIS-TR, enabling market participants to benefit from a consolidated view on all of their reported data.