REMITREP Services

About REMITREP Services

EU REMIT II requires non-EU energy traders to designate a representative in their main EU country of activity. Switzerland's new BATE law (Swiss REMIT) extends the same requirement from January 2027. We provide designated representation under both regimes - one trusted provider, two regulatory frameworks.

The Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) came into force in 2011 to support open and fair competition in the European wholesale energy markets. Its successor, the revised REMIT II took effect on 7 May 2024 and introduces new measures to better protect the EU citizens and businesses from energy market abuse.

The revised REMIT brings a closer alignment of the EU rules on transparency and integrity of energy markets with those in the financial markets. The scope of REMIT is expanded. ACER’s regular surveillance scope has been expanded to EU platforms covering electricity balancing markets and more there is more oversight of algorithmic trading.

The new regulation also brings about a new obligation for non-EU energy market participants to appoint a legal representative in the EU27.

Switzerland's Federal Act on Supervision and Transparency in Wholesale Energy Markets (BATE) is also targeted to enter into force on ‍1 January 2027. Non-resident traders active in Swiss wholesale energy markets will need a designated local representative under Article 6. We're already accepting BATE representation mandates, with the first year offered free of charge to existing REMITREP clients.

In order to offer this simple and cost-efficient solution to the market, ETR Advisory and CorreggioNET have joined forces to set up a bespoke solution to offer representative services in various EU markets to companies that need to appoint an EU legal representative. Clients interested in using the new REMITREP service will benefit from a reliable and cost-efficient solution.

Address

• Headquarters

  AmsterdamNoord-Holland, Netherlands