REMIT II Reporting for Energy Trading

REMIT reporting isn't failing - but the way most companies handle it is.

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GEN transforms your trading operations

In this short video, discover how our Global Energy Network (GEN) is a powerful unified gateway that simplifies and automates key aspects of energy trading. From trade confirmation matching to regulatory reporting, settlements, and nettings, GEN seamlessly connects all commodities, distribution channels (PDF, electronic, and interoperability), and market participants.

Watch now and see how GEN supports your trading workflow.

Registered Reporting Mechanism for REMIT, EMIR, and UK EMIR

As REMIT II expands reporting requirements, the pressure isn't just on submission. It's on the quality of data flowing through confirmation, settlement, and reconciliation.

Fidectus addresses this by improving the data behind regulatory reporting - not just the reporting itself.

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REMIT II is raising the bar

REMIT reporting isn't getting easier. With REMIT II, energy trading companies are dealing with more data, tighter controls, and far less tolerance for errors. And the real issue isn’t submission - it’s the data behind it.

Most reporting failures don’t happen at the point of reporting. They happen earlier, across confirmation, settlement, and reconciliation.

If that data isn’t aligned, validated, and complete, reporting breaks.

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What is REMIT and why it matters

REMIT (Regulation on Wholesale Energy Market Integrity and Transparency) requires companies trading electricity or gas in Europe to report their trading activity to regulators.

It exists to prevent market abuse and ensure transparency across wholesale energy markets, with regulators like ACER monitoring reported data.

REMIT II expands these obligations - increasing both the volume of data and the expectations around accuracy.

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The growing challenge of regulatory reporting

For many organisations, regulatory reporting isn't just about submitting data - it's about ensuring that the data is correct in the first place.

Energy trading operations generate large volumes of data across multiple systems, including:

- Trade capture

- Confirmation processes

- Settlement platforms

- Financial and payment workflows.

When these systems are disconnected or rely on manual processes, errors can easily occur. These errors often surface during reporting, leading to rejected submissions, delays, and compliance risks.

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Strengthening data integrity and auditability

As regulatory scrutinity increases, energy trading companies must ensure that their data is both accurate and traceable.

This requires:

- Strong data validation controls

- Clear audit trails

- Consistent data integrity checks

- Transparent workflow across systems and teams.

These capabilities not only support compliance but also make internal processes more reliable and easier to manage.

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Move toward automated, connected workflows

To meet these challenges, many energy trading companies are shifting toward automation and system integration.

Instead of treating reporting as a standalone task, leading organisations are connecting reporting with core pos-trade processes, including:

- Trade confirmation

- Settlement

- Financial reconciliation

- Payment recociliation.

This approach helps ensure that data is validated andaligned before it reaches the reporting stage.

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How Fidectus supports REMIT II reporting

Fidectus improves REMIT reporting by focusing on the data behind it - not just the submission.

Unlike traditional solutions that sit at the end of the process, Fidectus connects reporting with confirmation, settlement, invoicing, and reconciliation errors, rejected submissions, and compliance risk.

Through its SaaS platform, Fidectus enables teams to:

- Automate REMIT reporting and submission

- Validate and reconcile data before reporting

- Maintain complete audit trails

- Reduce manual back-office workload

- Integrate with ETRM systems and trading infrastructure.

Fidectus also supports broader post-trade operations, including:

- Trade confirmation and matching

- Settlement processes

- Financial and payment reconciliation

- Invoice processing and e-invoicing

- Complex transaction flows such as BATE.

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By bringing these processes together, teams gain full visibility across counterparties and transactions, allowing issues to be resolved before they impact reporting.

Understanding REMIT II is the first step - improving your processes is the next.

If you’re looking to reduce reporting risk, improve data accuracy, and automate post-trade workflows, Fidectus can help.