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REMIT


The Regulation on Wholesale Energy Market Integrity and Transparency, REMIT, was issued by the European Parliament and the European Council in 2011 with immediate legal effect for the EU member states.

The aim of REMIT is to increase transparency and stability in the European energy markets. Insider trading and market manipulation are two areas to be combated in particular. The EU authority ACER is responsible for monitoring and regulating the energy markets in accordance with REMIT.

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OMV GAS provides customers and partners with the most important information, news and related links to help them prepare for REMIT reporting.

In accordance with implementing acts, REMIT reporting became mandatory for standard contracts concluded at an Organised Market Place (OMP) as of 7th October 2015 and for non-standard contracts at EU level as of 7th April 2016.

On 18th December 2014, the REMIT Implementing Regulation EU 1348/2014 was published in the Official Journal of the European Union. The regulation came into force on 7th January 2015.

The list of standard contracts and OMPs (Organised Market Places) has been available on the ACER homepage since 17th March 2015 and is updated regularly.

ACER Codes are also already being assigned to participants in the wholesale electricity and natural gas markets and can also be viewed on the ACER homepage (provided that you are registered as a REMIT market participant with the respective national authorities).

ACER published its REMIT FAQs on 17th March 2015. These questions and other documents published by ACER can be accessed directly from the ACER homepage.

On 21st January 2015, the Energy Wholesale Data Ordinance (EGHD-VO) was enacted and it was subsequently published in the Austrian Federal Law Gazette (BGBl l. II No 13/2015) on 28th January 2015.
Companies headquartered in Austria must register with E-Control as a market participant under REMIT. The following reporting obligations and deadlines must be observed:

  • Standard contracts must be reported to E-Control by the marketplaces as of 1st May 2015.
  • Non-standard contracts must be reported to E-Control by the market participants as of 1st October 2015.
  • EGHD-VO reference

Companies that are headquartered in Austria can also register with E-Control as a participant in the wholesale electricity and gas markets under REMIT and are then assigned an ACER Code.

March 6th 2015 marked the start of the REMIT registration process through the German Federal Network Agency for market participants in the wholesale electricity and gas markets.

Important note: the information provided here is an indicative overview that is intended to help our contract partners gain a better insight into topics relating to REMIT.

OMV Gas & Marketing GmbH's publication requirements in accordance with REMIT (Regulation (EU) No 1227/2011)

OMV GAS & Marketing GmbH and its subsidiaries publish ad-hoc news on this website to provide market participants with what is considered to be "insider information" as well as information on planned and unplanned downtimes for their systems. The information is published in compliance with the obligations set out in Regulation: