Energy firms face Remit "nightmare", conference told

Large number of reporting mechanisms poses co-ordination challenge

reporting-deadine
Deadline looms: companies fear Remit reporting "nightmare"

Energy companies face a new trade reporting "nightmare", as a key deadline looms for compliance with the European Union Regulation on Wholesale Energy Market Integrity and Transparency (Remit), attendees at the annual Energy Risk Summit Europe conference in London heard on June 24.

Under Remit, both trades and orders to trade in wholesale energy markets must be reported to entities called registered reporting mechanisms (RRMs), from where they will be accessible to the Agency for the Cooperation