ENTSOG Annual Report 2014

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Image courtesy of Ontras Gastransport
Transparency Workshop
ENTSOG’s 8th Transparency Workshop was held successful-
ly on 11 December 2014. Participants from all sectors of the
gas industry had the chance to learn about and discuss top-
ics such as:
\\Features and functionalities of new Transparency
Platform
\\TSO experiences made while implementing new
Transparency Platform
\\ACER, NRAs and EFET views on new Transparency
Platform
\\REMIT implementing acts and data to be reported by
TSOs
\\Framework Guidelines on tariffs and new transparency
requirements
EFET, ACER and NRAs have all acknowledged the significant
work put into the new Transparency Platform by TSOs and
ENTSOG and have encouraged ENTSOG to continue this
work. REMIT has garnered public attention through the
immediate publication of the REMIT Implementing Acts.
Stakeholders have received answers on double data report-
ing, data transmission responsibilities and data transmission
through third parties. The tariff discussion held at the end of
the workshop informed stakeholders on which tariff data will
be published and where it can be found (ENTSOG Transpar-
ency Platform or TSO websites).
Regulation of Energy Market Integrity
and Transparency
The Regulation on Energy Market Integrity and Transparency
(REMIT) pertains to all European players in the in the whole-
sale energy markets (according to Regulation) and has direct
consequences for TSOs and ENTSOG. REMIT has always
been on the agenda at Transparency Working Group (TRA
WG) meetings. The Regulation (EC) No 1227/2011 was pub-
lished on 25 October 2011.
REMIT is founded on 3 pillars:
1. Fairness: Market players are prohibited from abusing the
system through insider trading, misleading transactions, price
positioning, transactions involving deception/fictions devices
and dissemination of false information.
2. Monitoring: A transaction and data reporting framework
has been established that allows ACER to monitor the entire
EU wholesale energy markets. Market participants are re-
quired to provide records of transactions, including orders to
trade, without double reporting.
3. Enforcement: If market monitoring indicates potential
market abuse, the incidents are investigated and action is
taken. National regulatory authorities are responsible for
ensuring that REMIT is enforced.
The Implementing Acts, issued by the European Commission
and published in December 2014, establish rules prohibiting
abusive practices affecting the wholesale energy market. This
document clarifies what information market participants are
to report to ACER in order to enable the Agency to fulfil its
monitoring responsibility.
The key activities performed by TRA WG can be summa-
rized as follows:
\\Hold workshops with ACER and European Commission
to clarify legislation and propose implementation solu-
tions for data provision
\\Participate in public consultations and workshops
organised by European Commission and ACER
\\Participate in REMIT IT Expert Meetings
\\Participate in pilot project for uploading data to REMIT
database at ACER
\\Refine text, table structure for data provision and
taxonomy for draft implementing acts proposed to
European Commission and ACER
\\Develop structure of Urgent Market Messages and
implement them on the new Transparency Platform.
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