REMIT Q & A

HUPX is the Registered Reporting Mechanism (RRM) for the automated reporting of HUDEX trading data in compliance with REMIT Art.8. HUPX is continuously enhancing its reporting service in accordance with new specifications and requirements communicated by ACER.

 

1. What services is HUPX providing for REMIT reporting of the transactions and orders?

HUPX is able to forward all orders and trades executed at HUDEX directly to ACER.

2. What type of contract do you need to sign with HUDEX?

HUPX as an Organised Market Place offers the following Data Reporting Agreement to HUDEX Partners:

• A1: Data Reporting Service Agreement about the HUPX reporting based on REMIT of details of wholesale energy transactions executed at HUDEX Market.

3. What is your pricing schedule for the delegated reporting for HUDEX Members?

For HUDEX Members the reporting service will be included in the annual membership fee. For non HUDEX members the annual fee: 1000 EUR.

4. Will the RRM service take care of all orders/ trades/ lifecycle events concluded at HUDEX? Or will HUDEX require the Market Participant to be involved in any of these activities?

All type of data required by ACER is available in the HUPX system; therefore HUDEX does not need involvement from the Market Participants.

5. Will HUDEX offer a data access service for its clients (e.g. download of orders or transaction in XML format)?

The Members will also have access to their data in raw XML format on the HUPX SFTP server.

6. Is there a Web GUI where Market Participants can view the data sent to ACER?

HUDEX will provide access for its contracted partners to the HUPX SFTP server where both the HUPX generated raw XML data files and the ACER generated receipt files will be available.

7. Will HUDEX provide the market participants with the ACER confirmation receipts for validation purposes?

Yes, the market participants will have access to the ACER generated receipts on the HUPX SFTP server.

8. How will HUDEX handle backloading or lifecycle events and the respective reporting mechanisms to ACER, RRM or to the client according to the trade reporting?

Backloading will be provided automatically by HUPX for HUDEX contracted participants, who concluded all their trades at HUDEX.

9. Will partners receive any feedback regarding the upload process? Will there be any error messages?

Market participants will be able to access the ACER generated receipts on the HUPX SFTP server.

10. In case of any problem (eg.: modification, network error, etc.) is it possible to retry the downloading or uploading process?

Yes, it is possible.

11. What if more than one person reports a contract? Will there be any error message?

HUPX will not check if one or more person reports a contract, but ACER has a validation procedure for these cases.

12. What is the reporting procedure if force majeure is declared, according to the agreement?

In order to ensure a safe and reliable service as set forth in the Agreement(s), HUPX Ltd. has a comprehensive backup IT system should the primary IT system experience any unforeseen difficulties regarding the reporting procedure. However, in case of a severe Force Majeure event as specified in Article 6 of the Agreement(s), such obligation(s) affected shall be suspended for as long as the Force Majeure event continues.

13. What is the Liability of the HUDEX? What if the HUPX server not available? However, the data reporting is an obligation for the market participant, HUPX as an RRM has also strictly obligations.

HUPX will do everything what it could to forward the data.

14. If market participants choose to go with another RRM, is HUPX able to send the data to another RRM?

HUPX as an RRM is not in a contractual contact with any third party, therefore HUPX is unable to forward the data of the MP to another RRM.

15. What code will HUPX require from the Market Participant and will HUPX accept the Market Participant’s LEI code?

HUPX will require the ACER-code.