EnergyRepServices - Designated Representative Service for REMIT Compliance

Your Obligations as an ACER registered Market Participant by the 8th of November 2024

1. Register with a National Regulatory Authority

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. You do not need to register in multiple Member States.

2. Designate a Representative by 8 November 2024

By 8 November 2024, all non-EU companies must appoint a designated representative who resides or is organized in the same EU Member State where your company is registered with ACER. This representative will act on your behalf for regulatory matters.

3. Powers of the Designated Representative

Your designated representative should be authorized to manage communications with national regulatory authorities or ACER, including responding to regulatory decisions and information requests.

4. Ensure Information is Kept Updated

If any information in your registration changes, you must inform the national regulatory authority immediately to keep your registration current.

What we offer you.

Energyrepservices, a service offered by Neural Step GmbH, is specialized in assisting non-EU companies with IT solutions in meeting their regulatory obligations under REMIT. As your trusted EU representative, we offer tailored services to ensure smooth and compliant operations within the European energy market. Here's how we support you:

1. Designated EU Representative Services

We understand the complexities of appointing a representative in the EU. That's why we:

  • Enter into a written mandate agreement with your company, authorizing us to act as your EU representative in accordance with the scope of Article 9 of REMIT.
  • Assist with our registration as your designated EU representative in Germany with both the Agency for the Cooperation of Energy Regulators (ACER) and the Bundesnetzagentur (BNetzA).
  • Provide a reliable address for receiving and managing compliance with regulatory decisions or requests for information under Article 9 of REMIT, ensuring you meet all necessary requirements.
2. Seamless Registration and Communication Support

As your EU representative, we ensure full compliance by:

  • Facilitating all communication flows with regulatory bodies such as ACER and the Bundesnetzagentur (BNetzA) using state-of-the-art technology solutions to ensure efficiency and reliability.
  • Managing timely responses to decisions and requests for information, using advanced technology to keep you compliant without interrupting your operations.

By facilitating energyrepservices, you can trust that your company's REMIT registration compliance is handled with precision, leveraging modern IT solutions for seamless communication and timely responses. We are aware that companies have unique needs, and we are committed to providing tailored services to meet your specific requirements. Contact us today to learn more about how we can support your company in navigating the European energy market.

Who we are.

Sven Duve: A Journey from Energy Trading to IT and Artificial Intelligence

Sven Duve is a seasoned former natural gas trader with a distinguished career in the European energy market, having worked with leading in firms in Investment Banking, Energy Production and Energy Trading. Known for his ability to navigate complex market dynamics, Sven combined strategic insights with deep industry knowledge to achieve remarkable success.

In 2019, Sven shifted his focus from energy trading to the dynamic world of information technology. With a BS in Mathematics and Statistics and an MS in Artificial Intelligence, he leveraged his strong analytical skills and market expertise to explore new opportunities in the tech sector. Sven now applies advanced AI and IT solutions to address modern business challenges, seamlessly blending his experience in energy markets with cutting-edge technology.

Today, Sven Duve is at the forefront of innovation, driving transformation by integrating traditional industry expertise with modern technological advancements. His unique background makes him a valuable asset in both the energy and IT industries, fostering growth and efficiency through intelligent solutions.

Legal Support: RA Michaela Duve, Duve Legal Consulting

Michaela Duve, a German-qualified lawyer, is the founder and owner of Duve Legal Consulting, a boutique law firm with offices in Zug, Switzerland, and Nuremberg, Germany. Established in 2012, the firm provides highly specialized legal consulting services in energy, commodity law, and related fields of German and European law.

Michaela's legal career includes significant roles at some of the leading companies in the energy and finance sectors. Working with one of Europes largest Power and Gas Trader in London, she served as Senior Legal Counsel, where she provided expert legal guidance for the company's electricity, gas, allowances, and weather trading activities. Also having been active in an Investment Bank, Michaela specialized in drafting and negotiating energy and emissions trading master agreements, helping the bank navigate the complexities of these markets.

Earlier in her career, Michaela contributed to the success of pioneering trading companies owned by German public utilities, playing a key role in the liberalisation of Germany's electricity and gas markets.