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REMIT
FAQ

Frequently asked questions (FAQ) by Market Participants in CPs

 

Q1: Does the obligation to register also applies to the affiliated parties?

A1: The obligation to register applies to every natural or legal person, or entrepreneur, as well as transmission and distribution system operator, who is active in the wholesale energy market in dealing with wholesale energy products (that is, but not limited to; buying or selling electricity and/or gas, capacity for production, transportation and/or storage of electricity and/or gas, or their derivatives, in one of the CPs), including their affiliated parties which are participating in the wholesale energy market of CPs.

 

Q2: Do we have to register if our founder is already registered in the EU MS?

A2: If you are an active market participant in the wholesale energy market of CP, you are obliged to register with the NRA of that CP, even if your founder is already registered in the EU MS.

 

Q3: If a market participant is active in wholesale energy markets of more than one CP and is already registered with NRA in one CP, should that market participant register in every CP and get a different ECRB code in every CP where he is active?

A3: Market participants acting in wholesale energy markets of CPs are required to register in all CPs that they act and NRA in every CP will assign a specific ECRB code to the market participant.

 

Q4: Is there a registration fee?

A4: There is no registration fee. The registration obligation can be fulfilled by submitting a completed and signed registration form, which is harmonized across CPs, to the NRA in the CP where the market participant is active in the wholesale energy market.

 

Q5: Can a market participant change the data from the submitted Registration Form?

A5: The Market Participant may change any data from the Register of Wholesale Electricity and Gas Market Participants submitted in the Registration Form. The market participant is obliged to promptly communicate to NRA any change which has taken place as regards the information provided in the Registration Form.

 

Q6:  What are LEI and BIC codes?

A6: The Legal Entity Identifier (LEI) is a 20-character, alpha-numeric code, to uniquely identify legally distinct entities that engage in financial transactions. LEIs are issued by "Local Operating Units" (LOUs) of the Global LEI System. BIC means Bank Identification Code or Bank Identifier Code. It is an 8 to 11-character code that is used to identify a specific bank when you make an international transaction.

 

Q7:  Are Distribution System Operators obliged to register as market participants?

A7: Yes, the obligation to register applies to DSOs, like TSOs, as market participants who buy electricity/natural gas to cover losses in the system.

 

Q8:  Are privileged producers, who are in the regime of feed-in tariffs, obliged to register?

A8: No, since they are granted a predefined guaranteed price and they are not participating in the wholesale market like other producers.

In case the privileged producer enters the wholesale market, it is obliged to apply REMIT like other producers in all CPs. There is an exception in Bosnia and Herzegovina and North Macedonia, where if the producer enters a group of a virtual producer (entities that aggregate the generation capacities of different distributed producers from renewable energy sources), in that case the producer has no obligation to register under REMIT. In North Macedonia, also, producers of electricity from renewable energy sources where the largest installed capacity of any of the generation facilities is less than 5 MW or the total installed capacity of all the producer's facilities is less than 10 MW do not have the obligation to register according to REMIT.

 

Q9:  Is a market participant from one CP who sells electricity to a market participant from another CP obliged to register with NRA in both CPs?

A9: Market participants entering into transactions or expressing interest to enter into such transactions through orders to trade shall register with the NRA in the CP where the delivery of the wholesale energy products takes or will take place.

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