The Agency for the Cooperation of Energy Regulators (ACER) has published a Consultation Paper on the trade reporting user manual (TRUM) under the Regulation on wholesale energy market integrity and transparency (REMIT).
The Consultation Paper provides an overview of the legal framework and the relevant provisions of the draft Implementing Acts to REMIT which concern trade reporting and then describes the purpose of the TRUM. A draft of the TRUM is attached as an annex to the Consultation Paper and ACER sets out its preliminary view as regards:
- how transaction reports should be submitted to ACER;
- the transaction data fields related to standardised contracts;
- the reporting of data related to derivative contracts;
- the reporting of certain trading scenarios; and
- data integrity.
The TRUM also addresses frequently asked questions asked by market participants.
It is worth noting that the first release of the TRUM focuses primarily on explaining the details of the reportable information concerning transactions relating to standardised contracts and derivatives related to those contracts. The TRUM will be expanded at a later stage to cover the records of transactions in transportation contracts and non-standardised supply contracts. ACER’s proposals as regards subsequent releases of the TRUM will be publicly consulted on.
The deadline for comments on the Consultation Paper is 5 May 2014.
View ACER Consultation Paper on REMIT – Draft Trade Reporting User Manual, 27 March 2014