Updated: GET Baltic invites market participants to participate in the public consultation on REMIT fees published by European Commission
The Agency for the Cooperation of Energy Regulators (ACER) promotes the smooth and transparent running of wholesale energy markets in the EU, by helping national regulators ensure the law in each EU country is in line with EU energy policy goals, including market integration.
In Article 32(1) of Regulation (EU) 2019/942, at the request of European Parliament and Council, a new provision was introduced that fees shall be due to ACER for its tasks under Regulation (EU) No 1227/2011 of 25 October 2011 on wholesale energy market integrity and transparency (REMIT). Pursuant to Article 32(2), those fees and the way in which they are to be paid, shall be set by the European Commission.
This initiative sets fees that energy operators or their representatives must pay to ACER for collecting, handling, processing and analyzing the information that they report. It also lays down how the fees are to be paid. The ACER cost of these activities is estimated at € 8.8 million in 2021. This represents an average breakdown below € 600/year per registered market participant and below € 1,000/year per reporting market participant in 2020.
GET Baltic would like to invite all market participants to actively participate in open public consultation and express their views on aspects of EU laws and policies before the Commission finalizes its proposals by filling in the online questionnaire: https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12406-/public-consultation.
Please note, that deadline for responses is 31 August 2020.
You can get acquainted with GET Baltic response here: GET Baltic Response to REMIT Fee Design and Implementation Consultation.pdf
Questions? Please contact:
Head of Trading and Product Development
Tel. +370 636 64354