Companies established outside the EU that trade wholesale gas or power in the EU must register with the regulator of a member state where they are active and designate a representative there (Article 9(1) REMIT). Entering EU markets? We support you from the start: German ACER code, mandate and representation.
Registration has to be in place before you enter into your first transaction that must be reported to ACER, and as a non-EU company you need a representative in the same member state. We handle both together, so you are compliant from your first trade:
See ACER code registration with the Bundesnetzagentur for the details of the registration.
The rules are the same for every non-EU country. What differs is the typical company setup and what else applies at home.
Switzerland is neither in the EU nor in the EEA, so Swiss companies trading wholesale gas or power in the EU are non-EU market participants under REMIT. If you are active in the German market, Germany is a natural choice for registration and representation. Formal correspondence from the Bundesnetzagentur may be in German; we handle it and explain it to you in English or German. Obligations under Swiss law apply separately.
Since Brexit, UK companies are non-EU market participants under EU REMIT. UK REMIT, supervised by Ofgem, applies separately: a UK registration does not replace registration with an EU regulator, and the EU requirement for a designated representative applies in addition.
Norway is not an EU member state, and Norwegian companies trading wholesale gas or power in the EU need a designated representative in the member state where they register. If you are active in Germany, we support your registration with the Bundesnetzagentur and act as your representative.
US groups often trade in the EU through several legal entities. ACER assesses the obligation entity by entity: every non-EU entity that trades in the EU needs its own registration and representative, although entities active in the same member state can appoint the same representative. A non-EU subsidiary of an EU company is not covered by its parent's registration either.
Trading companies in Dubai and Abu Dhabi that buy or sell gas or power for delivery in the EU are non-EU market participants. If several group entities trade in Germany, each needs its own registration, and we can act as the representative for all of them.
For trading desks in Singapore, regulator decisions and requests for information arrive during European business hours. As your representative in Germany we receive them, keep track of deadlines and forward them without delay. If you are active in several member states, one representative in the EU is enough.
No. According to ACER, the representative can be a natural or legal person, including a third-party company such as a consultancy or law firm, as long as it is established or resident in the EU member state where you are registered.
No. One representative in the EU is enough. It must be established in a member state where you are active, and you register with that member state's regulator.
Yes. ACER assesses each non-EU entity separately, so each one needs its own registration and designation, but entities active in the same member state can appoint the same representative.
The market participant itself, as the market participant user in CEREMP. We prepare the information with you and guide you through the update.
Tell us where you plan to trade. We prepare your registration with the Bundesnetzagentur and act as your designated representative from day one.