Consulting and implementation of the REMIT reportings
Project duration: 7 months
Brief description
Consultant services and implementation of interfaces for the customers of an RRM service provider (registered reporting mechanism) in reporting their energy trading transactions as part of REMIT (regulation on wholesale energy market integration and transparency).
Supplement
In the course of partnership with an RRM service provider, PTA takes over the organizational coordination with the end customers. This includes, for example, interpretation of the specifications and guidelines of the ACER, obtaining market opinions as well as creating technical specifications. Technical aspects such as creating concepts for solutions and implementing interfaces between the trading systems of the customers and the RRM service are also a part of the project. In this case, an ETL mechanism (extraction, transformation, loading) is implemented in order to transfer the source data into the standardized interface format of the RRM provider.
Subject description
The REMIT solution is used at the end customers as a standalone or Cloud service in order to report all REMIT-compulsory transactions in the area of energy procurement, sales and distribution. This concerns all bilateral transactions subject to mandatory notification from 7 April 2016 onwards, as well as transactions that must be taken into account as part of the backloading. In this case, the REMIT solution forms the technical interface between the energy trading systems of the end customers as well as the ARIS system (ACER REMIT Information System) of the European regulation authority ACER. The connection is made via an RRM service certified by ACER.