Nemo Link also wish to draw our customers attention to the Regulation (EU) 2024/1106, or “REMIT II” which was published on 17 April 2024 in the Official Journal of the European Union, and most specifically, (amendments to Art. 9(1)) Registration of market participants from third countries.
This provision enters into force on 8th November 2024 and requires the following action:
- A third country Market Participant shall designate a representative in a Member State in which the market participant is active on the wholesale energy markets by a written mandate.
- The Market Participant shall mandate the representative for the purpose of being addressed by national regulatory authorities (NRAs) or ACER, on all issues necessary for the receipt of, compliance with and enforcement of decisions or requests for information issued in relation to this Regulation.
- The representative shall have the necessary powers and means to guarantee the Market Participant’s efficient and timely cooperation with NRAs or ACER and to comply with their decisions and requests for information.
- The Market Participant shall notify name, email address, postal address and telephone number of their designated representative to the NRA where that representative resides or is established and to ACER. The respective details shall be incorporated in the Centralised European Register of Energy Market Participants.
What does that mean for Nemo Link’s customers?
This is important for customers who are not residents or established in the EU and wish to nominate capacity on GB-EU interconnectors, including Nemo Link, as it means these customers will need to appoint a representative in writing to act on their behalf.
This representative will also act as the point of contact for the Agency for the Cooperation of Energy Regulators (ACER) or the national regulatory authority (NRA) on all issues necessary for the receipt of, compliance with and enforcement of decisions or requests for information issued in relation to the revised REMIT.
Please note that other changes in the REMIT II Regulation that may also impact your trading in the EU wholesale market. You can find the legal text here for more information.
More information can also be found in the ACER and the European Commission Directorate General for Energy (DG-ENER) workshop slides discussing the implementation of REMIT II and its main implications, here.
Nemo Link’s REMIT messages Now Available on Elia’s IPP
We wish to inform market parties that REMIT messages on the Nemo Link interconnector are now also published on the Elia’s Inside Information Platform, alongside the Elexon’s REMIT portal.
Elia Group Inside Information Platform (Elia Group IIP) is a listed Inside Information Platform in ACER Registry.
For more information, please visit https://www.eliagroup.eu/en/elia-group-iip
If you wish to discuss the above or any other matters relating to Nemo Link, please don’t hesitate to contact the Nemo Link Customer Team.
