Remit

Remit was introduced by Commission Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency (REMIT). Its objective is to foster open and fair competition in wholesale energy markets for the benefit of final consumers of energy by ensuring the integrity of electricity and gas markets thereby avoiding market abuse.

In the UK, Remit data must be submitted by a participant to the Elexon APIs.

Remit requires that a generator (or consumer) submits a notification to Elexon should they deem the change will make a notable difference to the market. This is affected by outages and changes to the maximum export/import limit (MEL/MIL) of the asset in a settlement period. This is required for both planned and actual outages and covers generation units (individual BMUs) and production units (combined at station level).

If a participant deems that an outage meets the publication requirements under Remit, then it must publish the data on an accessible platform e.g. BMRS (through Elexon), a website, the Genstar4 Remit portal. In reality, Remit submissions are either triggered by operational scheduling e.g. planned outages or by plant trips. Scheduled outages must be notified to Elexon for up to five years in advance.

Genstar4 provides fully automatic support for Remit calculations and submissions to Elexon through the Genstar4 Power Scheduler and Genstar4 EDL modules removing the need for the user to manually monitor or track the declared position at either generation unit or station level. Genstar4 can also act as the Remit hub, gathering data from external systems.

The Genstar4 Remit portal automatically publishes Remit declarations online at the point of submission to Elexon to ensure they are immediately publicised avoiding the impact of Elexon outages or BMRS publication delays.

For more information visit the Genstar4 Power Scheduler or Genstar4 EDL pages.

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