EU energy firms ‘working in the dark’ on Remit reporting

Uncertainty lingers even as firms begin reporting bilateral power and gas trades

Internal transfer price optimisation for integrated energy firms
Bilateral power and gas trades must now be reported under Remit

The launch of the second phase of trade reporting under the Regulation on Wholesale Energy Market Integrity and Transparency (Remit) has left European energy firms unsure of whether they are fully compliant, despite a huge effort to build out IT systems to meet the new requirements.

Under Remit, which aims to detect and stamp out abuse and manipulation in the European Union's physical power and gas markets, firms must report their trades to so-called 'registered reporting mechanisms' that in tur