Remit :
Since Q2 2015 the Regulation on wholesale Energy Market Integrity and Transparency (REMIT) is in force, which relies on the transaction reporting of the market participants to the European Agency for the Cooperation of Energy Regulators (ACER).
Major aim is to analyze the European energy business transactions to find potential market manipulation.
Reports are not provided directly by the market participants and involves the so called Registered Reporting Mechanisms (RRM), which are certified by ACER to ensure, that ACER’s interface is used in standardized way.
REMIT is an EU energy sector specific framework, intended to prevent market abuse and insider trading in the wholesale electricity and gas markets.
Remit involves:
- Prohibitions on insider trading and market manipulation.
- A disclosure regime for insider information.
- A registration regime for Market Participants.
- Transaction reporting to a Registered Reporting Mechanism (RRM) for orders and trades not captured by MiFID or EMIR.
- Market Participants (MP) entering into reportable transactions under REMIT are obliged to report these transactions. OMPs must provide a data reporting agreement to MPs to undertake the reporting on their behalf.
RAP :
Government customers use reverse auctions to save money on acquisitions of non-complex commodities and simple services.
GSA Reverse Auctions is a government-managed platform and marketplace for products, services, and solutions through GSA Multiple Award Schedules (MAS) and Blanket Purchase agreements (BPAs).
Grid Cost Billing :
The eeC TEC® BM widget Grid Usage Cost Billing supports automated grid usage charge settlement and the clarification effort between market partners in the case of erroneous invoices.
The data is transferred using in the standardized EDIFACT format. The module grid usage costs accounting checks incoming messages for their technical correctness and converts them to a readable version for enexion customers.
Additionally required messages are in turn sent to the grid operator in EDIFACT format.
Edifact:
EDI is the computer-to-computer exchange of business documents, such as purchase orders and invoices, in a standard electronic format, between trading partners. it is providing support for the electronical grid usage cost billing process.
From Jan 2016 onward a German grid operator can insist to deliver bills via Edifact messages (INVOIC).
In today’s business environment, EDI is the most commonly used technology for B2B
e commerce.
It’s a game-changer across all industries and the lifeblood of many successful businesses.
More than 85% of all electronic business transactions take place using Electronic Data Interchange (EDI).
Mobile App:
eeC Mobile app allows to constantly monitor the energy market development and their regulations, continuously evaluate this information & keep you up to date, so you can take action on time.
Also, you can track energy price trends of past periods and get predicted future prices calculated using the sophisticated algorithms to fairly value and manage the profitability of energy products.
You can keep an eye on the hedge level of your portfolios.
Compare your targets with the closed positions, see the list of deals and their status.
Generate a detailed portfolio report just with one click and keep control over your procurement situation.
