The European Commission has revised the funding rules for the Agency for the Cooperation of Energy Regulators (ACER), which came into force on 15 September.
Under the revised Regulation on Wholesale Energy Market Integrity and Transparency (REMIT), ACER is authorised to collect fees from entities reporting REMIT data in order to finance its monitoring activities.
The new Commission Decision (https://aeur.eu/f/imm ) aims to ensure that ACER has the resources it needs to monitor the 47%annual increase in data reporting observed since 2021.
While the Decision will result in a considerable increase in the fees payable by market players supplying data on the energy market, the Commission stresses the benefits of the system in a press release.
It emphasises a better distribution of costs between reporting entities, proportional to the volume of transactions reported, protection against an excessive burden for small players and a strengthening of the oversight of European energy markets “at a time when transparency, consumer confidence and ensuring open and fair competition (...) are more important than ever”. (Original version in French by Pauline Denys)