The Regulation on Wholesale Energy Market Integrity and Transparency: REMIT was adopted by the European Parliament and the Council of the European Union in 2011 with immediate effect for EU member states.
The goal of REMIT is to increase the transparency and stability of European energy markets. In particular it strives to combat insider trading and market manipulation. The EU authority ACER has been entrusted with overseeing and regulating the energy markets in accordance with REMIT.
OMV GAS uses this platform to give customers and partners important information and additional links in order to assist with upholding the requirements resulting from the REMIT regulation.
In accordance with the Implementing Acts, REMIT Reporting was mandatorily introduced as of October 7, 2015, for Standardised Contracts concluded at an Organised Market Place (OMP) and as of April 7, 2016, for Non-Standardised Contracts for all of the market participants at EU level covered by the REMIT regulation.
Important note: The details given here provide a non-binding overview that should help our contract partners to gain a better overview of the issues relating to REMIT.
On December 18, 2014, the REMIT Commission Implementing Regulation EU 1348/2014 was published in the Official Journal of the European Union. The Regulation came into effect on January 7, 2015.
Since March 17, 2015, the lists of Standardised Contracts and of OMPs (Organised Market Places) have been available on the ACER homepage, where they are regularly updated.
- Reference to Standardised Contracts (https://www.acer-remit.eu/portal/standardised-contract)
- Reference to Organised Market Places (https://www.acer-remit.eu/portal/organised-marketplaces)
Additionally, the latest ACER Codes allocated for market participants dealing in wholesale of power and natural gas are also published on the ACER homepage.
In order to receive an ACER Code, one must be registered as a REMIT market participant with the national regulatory authority responsible.
- Reference to the national energy regulation authorities registration as a REMIT market participant: (https://www.acer-remit.eu/portal/ceremp)
- Reference to the published list of ACER Codes of the market participants: (https://www.acer-remit.eu/portal/european-register)
The latest FAQs and Q&As relating to REMIT are regularly updated and published by ACER. These are available directly on the ACER homepage, along with additional information published by ACER.
- Reference to additional REMIT information from ACER (https://documents.acer-remit.eu/category/all-documents/)
Companies with a registered seat in Austria that conduct transactions subject to mandatory REMIT reporting are obliged to register with E-Control as a market participant under REMIT.
Reference E-Control REMIT registration (https://www.e-control.at/de/projekte/remit-registrierung)
OMV Gas Marketing & Trading GmbH is registered under the ACER Code A0000765B.AT.
Companies with a registered seat in Germany that conduct transactions subject to mandatory REMIT reporting are obliged to register with Bundesnetzagentur as a market participant under REMIT:
Reference Bundesnetzagentur REMIT registration (https://remit.bundesnetzagentur.de/REMIT/DE/Registrierung/start.html)
OMV Gas Marketing & Trading Deutschland GmbH is registered under the ACER Code A00022867.DE.
Companies with a registered seat in the Netherlands that conduct transactions subject to mandatory REMIT reporting are obliged to register with Autoriteit Consument & Markt as a market participant under REMIT:
Reference Autoriteit Consument & Markt REMIT registration (https://www.acm.nl/nl/onderwerpen/energie/de-energiemarkt/remit/registreren-voor-remit)
OMV Gas Marketing Trading & Finance B.V. is registered under the ACER Code A0013354L.NL
Companies with a registered seat in Hungary that conduct transactions subject to mandatory REMIT reporting are obliged to register with Magyar Energetikai és Közmű-szabályozási Hivatal as a market participant under REMIT:
Reference Magyar Energetikai és Közmű-szabályozási Hivatal REMIT registration (http://www.mekh.hu/beginning-of-ceremp-registration-on-7-january-2015)
OMV Gas Marketing & Trading Hungária Kft is registered under the ACER Code A0003622B.HU.
Disclosure obligations of OMV Gas & Marketing GmbH in accordance with REMIT (Regulation (EU) Nr. 1227/2011)
OMV GAS & Marketing GmbH and its subsidiaries publish ad-hoc announcements on CEGH REMIT website (https://www.gashub.at/remit/postings.xhtml) in order to inform market participants on developments that are considered inside information, as well as notification of planned and unplanned shutdowns of their facilities. This disclosure conforms to the obligations in accordance with the regulation:
- § EU No 1227/2011 (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32011R1227)