RRM Reporting Service B1 Sample Clauses
The RRM Reporting Service B1 clause defines the obligations and procedures for reporting data under the requirements of the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT). It typically outlines how parties must submit transaction and fundamental data to the relevant regulatory authorities, often through a Registered Reporting Mechanism (RRM). For example, it may specify the types of data to be reported, the format, and the frequency of submissions. The core function of this clause is to ensure compliance with regulatory transparency requirements, thereby reducing the risk of market abuse and promoting fair energy market practices.
RRM Reporting Service B1. This Service is intended for the DAS Market Participant who will use LAGIE as an RRM for the reporting of its non-standard contracts to ACER. Detailed description of the Service is given in “REMIT Reporting Service User Guide”.
RRM Reporting Service B1. Market Participant will submit to LAGIE through the RS-RRM platform the reportable information in a specific XML file format defined by LAGIE. Following successful submission of the reportable information to the RS-RRM Platform, LAGIE as RRM, will report to ACER, on behalf of the Market Participant the submitted data, pursuant to REMIT article 8(1). Market Participant will be able to access the reported data and received confirmations via a web portal, where an overview of the submitted reports and their status shall be displayed.