In December 2011, the European Union (EU) adopted new stringent rules on wholesale energy trading. The main objective is to prevent use of insider information and other forms of market abuse which distort wholesale energy prices and normally mean that businesses and consumers pay more for their energy than they need.
Market participants have an obligation to publish ‘inside information’ in respect of businesses or facilities which they own or control (or are operationally responsible for) before they can trade on it. REMIT introduces, for the first time, a consistent EU-wide framework:
This service provides a centralised GB Platform for the publication of REMIT Inside Information notifications, supporting market participants obligated under Article 4 of Regulation (EC) No 1227/2011.
Market Participants can choose to add notifications either manually via a secure Provider Account or through Twitter. Please note the responsibility for the publication of inside information remains with the Market Participant, it is therefore suggested all notification providers have contingency processes in place should this service be unavailable for any reason.
In addition, Twitter publications are controlled via the Twitter terms and conditions. If Twitter posts are deleted/removed from a users Twitter feed the posts will be removed from this website in accordance with the Twitter terms and conditions. Manual publications cannot be edited or removed once posted.
Interested parties can view notifications via the website or sign up to receive notifications via& e-mail or Twitter when any new publications are added to the site.
If you would like to register as a provider of REMIT notifications, please download the REMIT Inside Information Provider application form which can be found on the GBREMIT Useful Information webpage. Once completed, you must send the completed form to your Local Security Officer (LSO) who should forward it on to the email account firstname.lastname@example.org for processing.
If you do not have an LSO please send an enquiry email to email@example.com and we will aim to help with authorisation of your request.
Further guidance on REMIT and the obligations on all Market Participants can be found on the Agency for the Cooperation of Energy Regulators (ACER) website.