APX and Belpex Approved as Registered Reporting Mechanisms
Power spot and clearing exchange APX today announces its approval as a Registered Reporting Mechanism (RRM) by the Agency for the Cooperation of Energy Regulators (ACER). The APX trading entities – APX Power B.V. and APX Commodities Ltd. – and Belpex all have now been approved as RRMs by ACER.
Regulation on Energy Market Integrity and Transparency (REMIT) requires market participants to report wholesale energy market contracts to ACER, aiming to ensure greater transparency in wholesale energy markets. From 7 October onwards APX and Belpex will offer data reporting services for all orders and transactions concluded on the APX and Belpex markets. APX will also offer a reporting solution for OTC transactions which are cleared through APX Clearing B.V. and APX Commodities Ltd.