REMIT basics
Learn what REMIT covers, what counts as inside information, and how market participants use an Inside Information Platform (IIP) to publish it.
What is inside information under REMIT?
Under Article 2(1) of REMIT, information qualifies as inside information when it is specific enough to assess, has yet to be made public, relates directly or indirectly to one or more wholesale energy products, and would likely have a significant effect on their prices if made public.
Planned maintenance, an unexpected outage or a reduction in available capacity can meet these criteria. Assess the facts of the event and the market conditions at the time.
Where should I publish inside information?
Article 4 of REMIT requires market participants to disclose inside information publicly, effectively and in a timely manner through an Inside Information Platform. For an outage, the platform publishes the information as a UMM.
A company website or social media can provide additional visibility after IIP publication.
What is an Inside Information Platform?
An IIP publishes market participants’ inside information so the public can access it. A disclosure is commonly made as an Urgent Market Message (UMM). The platform also makes the disclosed data available to ACER.
Under Article 4, the market participant must make an effective and timely public disclosure of inside information it holds about businesses or facilities that it, its parent undertaking or a related undertaking owns, controls or is operationally responsible for, in whole or in part. Submit the disclosure through an IIP. Your website can provide a supplementary copy.
Webware Inside Information Platform: https://platform.inside-information.de/
Where can I read published UMMs?
Use the ACER Inside Information Access Point to find published messages. To publish your own message, submit it through your IIP.
How does publication through an IIP differ from data reporting to ACER through an RRM?
Article 4 of REMIT governs public disclosure of inside information through an IIP. The IIP also makes the disclosed data available to ACER.
Transaction and fundamental data reporting have their own requirements under Article 8 of REMIT and the applicable implementing rules. Check each obligation separately when assessing an event or a contract.
Where do I go next?
Prepare a UMM
Assess a power plant outage
Choose a publishing channel
Publish your UMMs with Webware IIP
Contact us to set up your assets and publish inside information through our IIP. We support publication via the web portal, API and SFTP.
