General Information REMIT

Since December 2011, there has been a new European regulatory framework regarding the integrity and transparency of the wholesale energy market that lays down rules that forbid any malpractice, and makes the Agency for the Cooperation of Energy Regulators (ACER) responsible for the control and supervision of the market in close collaboration with national regulatory authorities.

Market participants must communicate detailed information regarding all energy products negociated in organised markets, including matched and unmatched orders.

OMIE, as the entity responsible for managing daily and intraday trading on the Iberian Electricity Market provides the service for reporting matched and unmatched orders in the market through the entity “OMI RRM” as Registered Reporting Mechanisms (RRM) of ACER.

Agents that wish to sign up for the services offered by OMI RRM can obtain more information at the following link: GrupoOMI

In addition, OMIE provides the UTI of all the orders matched on the market.

These norms are included in the two following provisions:

REGULATION (EU) No 1227/2011 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 October 2011 on wholesale energy market integrity and transparency.

COMMISION IMPLEMENTING REGULATION (EU) No 1348/2014 of 17 December 2014.

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