What is a designated representative under REMIT?
Under the Regulation on Energy Market Integrity and Transparency (REMIT), non-EU companies active in the European wholesale energy market must appoint a designated representative who resides or is organized in an EU Member State. This representative acts on your behalf for regulatory matters, including communication with national regulatory authorities and ACER.
Who needs to appoint a designated representative?
All non-EU companies that are active in the European wholesale energy market must appoint a designated representative. This includes companies trading electricity, natural gas, and other energy commodities within the EU. The requirement applies regardless of the size of your operations.
We are about to start trading in the EU. When do we need to register?
Before your first transaction that must be reported to ACER. You register with the national regulatory authority of a member state where you will be active, in Germany the Bundesnetzagentur via CEREMP, and receive an ACER code. As a non-EU company you also designate a representative in that member state. We support both from the start.
Where should our company register?
Non-EU companies must register with the national regulatory authority in the EU Member State where your company is active in the wholesale energy market. You only need to register once, and your registration will apply across the entire EU. There is no need to register in multiple Member States.
How do I get started with EnergyRepServices?
Simply contact us through our contact page, and we will guide you through the process. We will assess your specific needs, provide a tailored quote, and handle all aspects of your registration and ongoing compliance requirements.