There are fears that Acer may not have adequate resources to support the rules
The Agency for the Cooperation of Energy
Regulators is not effectively supporting the registered
reporting mechanisms (RRMs) that are providing data as required
under its recently implemented Remit rules, market participants
The introduction of Acer’s
Regulation on Wholesale Energy Market Integrity –
known as Remit – has been relatively smooth for firms,
but has caused a number of issues for the RRMs reporting into
its Aris data collection portal.
"On the whole, implementation seems to be
settling down with firms; things have gone relatively smoothly,
especially when compared to Mifir EMIR. It is the RRMs that
have faced support and communication issues with Acer," Rob
Barnes, manager for regulation at FIA Europe told FOW.
"Firms seem generally happy –
they are reporting into an RRM which then has the
responsibility of reporting to Acer, though there have been
some reports of submitted data being processed incorrectly by
ARIS and some capacity issues," he added.
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