COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL Amendment of the financial statement accompanying Regulation (EU) No 1227/2011
Date: 2013-06-18
Institutions: European Commission
Subjects: European Union Agency for the Cooperation of Energy Regulators, administrative expenditure (EU), data processing, energy industry, insider trading, market supervision, powers of the institutions (EU), restriction on competition, single market, wholesale trade

EUROPEAN 
COMMISSION 

Brussels, 18.6.2013  
COM(2013) 431 final 

COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN 
PARLIAMENT AND THE COUNCIL 

Amendment of the financial statement accompanying Regulation (EU) No 1227/2011 

EN 

   EN 

 
 
 
 
  
 
COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE 
COUNCIL 

Amendment of the financial statement accompanying Regulation (EU) No 1227/2011 

Regulation (EU) No 1227/2011 of the European Parliament and of the Council of 25 October 2011 
on  wholesale  energy  market  integrity  and  transparency1  (hereafter  'REMIT')  provides  for  new 
stringent rules on wholesale energy trading. The main objective of the Regulation is to prevent use of 
insider information and other forms of market abuse which distort wholesale energy prices and can 
result in businesses and consumers pay more for their energy than they need. 

REMIT makes the Agency for the Cooperation of Energy Regulators2 (hereafter 'ACER') responsible 
for independent monitoring of all relevant wholesale energy transactions and checking whether the 
rules are followed. Therefore, ACER's role is crucial for the proper implementation of REMIT and 
ensuring that wholesale energy markets across Europe function properly. 

More specifically, under REMIT, the Agency is required to: 

- 
- 

- 

establish the centralised European Register of wholesale energy market participants; 
collect  information  on  all  transactions  in  wholesale  energy  products  for  delivery  in  the 
European Union, independently of where they take place; 
collect “fundamental data” regarding the physical state of the energy systems (e.g. availability 
of generation and transport facilities); 

- 

-  perform  an  initial  screening  and  assessment  of  wholesale  energy  market  transactions,  in  the 
light of the state of the energy systems, to identify instances of market abuse, and notify them to 
national competent authorities who are responsible for investigation and enforcement; 
coordinate  the  investigation  of  suspected  cases  of  market  abuse  by  national  competent 
authorities when they involve more than one jurisdiction; 
assess the operation and the transparency of different categories of market places and ways of 
trading and formulate recommendations on how to improve market integrity and the functioning 
of the internal market. 

- 

The  resources  originally  foreseen  in  the  Financial  Annex  to  REMIT3  do  not  fully  reflect  the  actual 
financial needs of the Agency. This is partly because several of the above listed tasks for ACER were 
further  elaborated  during  the  legislative  process.  In  addition  ACER  has  run  several  public  tenders  to 
procure  REMIT  related  ICT  services  which  revealed  substantially  higher  costs  than  expected.  This 

1 

OJ L 326 , 08.12.2011, p. 1  

Regulation (EC) No 713/2009 of the European Parliament and of the Council of 13 July 2009 establishing an 

2 
Agency for the Cooperation of Energy Regulators, OJ L 211 , 14.08.2009, p. 1 
3 

http://ec.europa.eu/energy/gas_electricity/markets/doc/com_2010_0726_en.pdf 

2 

 
 
 
 
                                                            
requires a re-assessment of these costs as the resources currently envisaged for 2013 are insufficient to 
perform the prescribed tasks.4  

In  particular,  in  order  to  handle  large  amounts  of  market  data,  ACER  will  have  to  set  up  an  ICT 
framework  which  can  adequately  support  all  required  data  processing  and  analytical  functions  in 
efficient  and  safe  way.  This  includes  the  development  of  highly  specialised  screens  to  identify 
suspicious trading behaviour. The Council and the European Parliament have requested the system to 
live up to highest security standards to ensure the handling of confidential data.  

The timeline for the full implementation of the monitoring functions assigned to the Agency depends 
on the timing of the adoption of Implementing Acts by the Commission. In particular, full transactional 
data reporting should start six months after the adoption of the Implementing Act defining the “record 
of transactions” to be reported to the Agency. At present it is expected that the Implementing Acts will 
be adopted towards the end of 2013, so that the Agency will need to be ready to fully implement the 
REMIT  monitoring  system  early  in  2014.  Therefore  most  of  the  preparatory  work  will  have  to  take 
place in 2013.  

According to detailed estimates provided in the attached financial statement, in 2013 ACER will need 
funds of € 3.139 million to develop its REMIT rela ted ICT systems. However, in the approved budget 
for 2013 ACER only received an allocation of € 0.150 m illion for this purpose. The additional financial 
needs for 2013 are therefore € 2.989 million. These funds  will be provided budget-neutrally as they will 
be financed by redeployment of existing resources of DG ENER in 2013. 

On  the  basis  of  elements  mentioned  above,  it  is  necessary  to  update  the  legislative  financial 
statement.  The  new  statement  including  a  detailed  explanation  of  the  financial  needs  is  attached 
herewith. 

The  initial  proposal  from  the  Commission,  as  presented  in  the  Legislative  Financial  Statement  in  December 

4 
2010, envisaged 15 extra staff members for the Agency and a budget for ICT system development of €1.1 million over 
the period 2012 – 2013. 

3 

 
 
                                                            
II.6.4 – Legislative Financial Statement – ‘Agencies’ 

LEGISLATIVE FINANCIAL STATEMENT  

1. 

FRAMEWORK OF THE PROPOSAL/INITIATIVE  

1.1.  Title of the proposal/initiative  

1.2.  Policy area(s) concerned in the ABM/ABB structure 

1.3.  Nature of the proposal/initiative  

1.4.  Objectives  

1.5.  Grounds for the proposal/initiative  

1.6.  Duration and financial impact  

1.7.  Management mode(s) envisaged  

2. 

MANAGEMENT MEASURES  

2.1.  Monitoring and reporting rules  

2.2.  Management and control system  

2.3.  Measures to prevent fraud and irregularities  

3. 

ESTIMATED FINANCIAL IMPACT OF THE PROPOSAL/INITIATIVE  

3.1.  Heading(s)  of  the  multiannual  financial  framework  and  expenditure  budget  line(s) 
affected  

3.2.  Estimated impact on expenditure  

3.2.1. Summary of estimated impact on expenditure  

3.2.2. Estimated impact on [body]'s appropriations  

3.2.3. Estimated impact on [body]'s human resources 

3.2.4. Compatibility with the current multiannual financial framework 

3.2.5. Third-party contributions  

3.3.  Estimated impact on revenue 

4 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LEGISLATIVE FINANCIAL STATEMENT  

1. 

FRAMEWORK OF THE PROPOSAL/INITIATIVE  

1.1. 

Title of the proposal/initiative  

Regulation (EU) No 1227/2011 of the European Parliament and of the Council on Wholesale 
Energy Market Integrity and Transparency - REMIT 
Policy area(s) concerned in the ABM/ABB structure5  

1.2. 

Policy area: Energy 

Activity: Internal market in energy 

1.3. 

Nature of the proposal/initiative  

(cid:133) The proposal/initiative relates to a new action  

(cid:133)  The  proposal/initiative  relates  to  a  new  action  following  a  pilot  project/preparatory 
action6  

(cid:58) The proposal/initiative relates to the extension of an existing action  

(cid:133) The proposal/initiative relates to an action redirected towards a new action  

1.4. 

Objective(s) 

1.4.1.  The Commission's multiannual strategic objective(s) targeted by the proposal/initiative  

Delivering deep, liquid and integrated energy markets fits into Europe's 2020 strategy to reach a 
smart,  sustainable  growth  in  EU.  This  goal  requires  among  others  "well  connected  markets 
where  competition  and  consumer  access  stimulate  growth  and  innovation"7  Creating  a  proper 
framework for the integrity and transparency of Europe's traded energy markets will foster the 
desired market integration and underpin overarching European policy objectives. 

1.4.2. 

Specific objective(s) and ABM/ABB activity(ies) concerned  

Budget area: 3204 conventional and Renewable Energy 

ACER  is  mandated  to  monitor  trading  activity  in  wholesale  energy  products  to  detect  and 
prevent  trading  based  on  inside  information  and  market  manipulation  and  expected  to 
efficiently detect and prevent market misconducts of cross-commodity and cross-border nature 
on wholesale energy markets. It is also expected that its actions will deter attempted distortive 
market  practices.  This  aims  at  ensuring  that  consumers  and  market  participants  can  have 
confidence in the integrity of electricity and gas markets, that prices set on wholesale energy 
markets  reflect  a  fair  and  competitive  interplay  between  supply  and  demand,  and  that  no 
profits can be drawn from market abuse. The goal of increased integrity and transparency of 
wholesale energy markets should be to foster open and fair competition in wholesale energy 
markets for the benefit of final consumers  

5 
6 
7 

ABM: Activity-Based Management – ABB: Activity-Based Budgeting. 
As referred to in Article 49(6)(a) or (b) of the Financial Regulation. 
COM(2010) 2020, 3.3.2010: "Europe 2020 – A strategy for smart, sustainable and inclusive growth", p. 19. 
5 

 
 
                                                            
1.4.3.  Expected result(s) and impact 

Specify  the  effects  which  the  proposal/initiative  should  have  on  the  beneficiaries/groups 
targeted. 

Continuous monitoring of wholesale energy market transactions, including orders to trade, and 
the operation of fundamental data (disaggregated production figures, outages, flow data, 
storage operation, etc) will allow ACER to efficiently detect and deter market abuses. This 
will give confidence to market participants and increase general trust in the proper functioning 
of markets. In addition, decreasing risk premia are expected to result in lower energy prices to 
all energy users. 

1.4.4. 

 Indicators of results and impact  

Specify the indicators for monitoring implementation of the proposal/initiative. 

- Number of market participants registered in the European registry; 

- Number of transactions, including orders to trade, collected and monitored; 

- Number of incidents of potential market abuse assessed and number of abuses detected; 

- Development of bid-offer spreads over time (as a proxy for market risk premia). 

1.5. 

Grounds for the proposal/initiative  

1.5.1.  Requirement(s) to be met in the short or long term  

Central to REMIT is the establishment of a market monitoring function on European level   in 
relation to which ACER will have to deploy and maintain IT infrastructure capable of 
handling large number of data and specialist software for automated data analysis purposes. 
This objective requires significant investments into IT resources necessary to fulfill the 
REMIT mandate and to ensure operational reliability of the information received and 
maintained by the Agency. The investments will in particular concern the development of 
software for a European registry of market participants, the notification of delayed disclosure 
of inside information, transactional and fundamental data collection, operational reliability, 
hardware, hosting services and a monitoring software.  

1.5.2.  Added value of EU involvement 

 As traded electricity and gas markets are strongly interlinked, any manipulation occurring on 
one  market  would  automatically  impact  the  other.  Since  these  commodities  and  their 
derivatives are often traded in parallel in different Member States , any manipulation involving 
a  combination  of  different  commodity  transactions  and/or  platforms  can  only  be  effectively 
detected if monitoring is organized centrally. 

1.5.3.  Lessons learned from similar experiences in the past 

No  similar  experience  exists  on  European  level  as  monitoring  and  data  collection  of  traded 
financial  instruments  is  organised  nationally.  ESMA,  the  European  Securities  and  Markets 
Authority has no comparable surveillance powers. 

6 

 
 
1.5.4.  Compatibility and possible synergy with other appropriate instruments 

The  rules  prohibiting  market  misconduct  are  coherent  with  comparable  rules  in  applicable 
financial regulation, notably the Market Abuse Directive.  

1.6. 

Duration and financial impact  

(cid:133) Proposal/initiative of limited duration  

–  (cid:133)  Proposal/initiative in effect from [DD/MM]YYYY to [DD/MM]YYYY  

–  (cid:133)  Financial impact from YYYY to YYYY 

(cid:58) Proposal/initiative of unlimited duration 

–  Implementation with a start-up period from 2013 

–  followed by full-scale operation. 
1.7.  Management mode(s) envisaged8  

(cid:58) Centralised indirect management with the delegation of implementation tasks to: 

–  (cid:133)  executive agencies  
–  (cid:58)  bodies set up by the European Union9  

–  (cid:133)  national public-sector bodies/bodies with public-service mission  

–  (cid:133)  persons entrusted with the implementation of specific actions pursuant to Title V of the 
Treaty  on  European  Union  and  identified  in  the  relevant  basic  act  within  the  meaning  of 
Article 49 of the Financial Regulation. 

(cid:133) Joint management with international organisations (to be specified) 

If  more  than  one  management  mode  is  indicated,  please  provide  details  in  the  "Comments" 
section. 

Comments  

Resources shall be managed by the ACER. 

8 

9 

Details  of  management  modes  and  references  to  the  Financial  Regulation  may  be  found  on  the  BudgWeb  site: 
http://www.cc.cec/budg/man/budgmanag/budgmanag_en.html 
As referred to in Article 185 of the Financial Regulation. 

7 

 
 
 
                                                            
2. 

MANAGEMENT MEASURES  

2.1.  Monitoring and reporting rules  

Specify frequency and conditions. 

ACER  shall  report  to  the  Commission  on  a  regular  basis  on  its  activities  in  the  field  of 
wholesale  transaction  monitoring  about  market  abuses  that  it  identified  and  the  results  of 
investigations carried out by enforcement authorities. 

2.2.  Management and control system  

2.2.1.  Risk(s) identified  

Risk of inappropriate data handling 

2.2.2.  Control method(s) envisaged  

The legal proposal contains a number of measures on data protection and operational liability. 
Further control measures are also envisaged by ACER's governing rules. See also Article 34 of 
Regulation (EC) No.  713/2009 of the European Parliament  and  the Council  of 13 July 2009 
establishing ACER. 

2.3.  Measures to prevent fraud and irregularities  

Specify existing or envisaged prevention and protection measures. 

The management of the funds entrusted to the Agency comes under the control of the Court of 
Auditors and the European Parliament (Article 24 of Regulation 713/2009) and the European 
Anti-Fraud Office (Article 26 of Regulation 713/2009). 

8 

 
 
3. 

3.1. 

ESTIMATED FINANCIAL IMPACT OF THE PROPOSAL/INITIATIVE  

Heading(s)  of  the  multiannual  financial  framework  and  expenditure  budget  line(s) 
affected  

•  Existing budget lines  

In order of multiannual financial framework headings and budget lines. 

Heading 
of 
multiann
ual 
financial 
framewo
rk 

Budget line 

Number  
32.04  –  Conventional  and  renewable 
energies 

Type of 
expendit
ure 

Diff./no
n-diff. 
(10) 

Contribution  

from 
EFTA 
countri
es11 

from 
candidat
e 
countrie
s12 

from 
third 
countri
es 

within the 
meaning of 
Article 21(2) 
b of the new 
Financial 
Regulation  

32.04.10 – Agency for the Cooperation of 
Energy Regulators 

1 A 

Diff. 

NO 

NO 

NO 

NO 

Heading 
of 
multiann
ual 
financial 
framewo
rk 

•  New budget lines requested  

In order of multiannual financial framework headings and budget lines. 

Budget line 

Type of
expendit
ure 

Contribution  

Number  
[Heading……………………………
………..] 

Diff./no
n-diff. 

[XX.YY.YY.YY] 

from 
EFTA 
countri
es 

from 
candidat
e 
countrie
s 

from 
third 
countri
es 

within the 
meaning of 
Article 
Article 21(2) 
b of the new 
Financial 
Regulation 

YES/NO 

YES/NO 

YES/NO 

YES/NO 

10 
11 
12 

Diff. = Differentiated appropriations / Non-Diff. = Non-differentiated appropriations. 
EFTA: European Free Trade Association.  
Candidate countries and, where applicable, potential candidate countries from the Western Balkans. 

9 

 
 
 
 
 
 
 
 
 
                                                            
3.2. 

Estimated impact on expenditure  

3.2.1. 

Summary of estimated impact on expenditure  

Heading of multiannual financial  
Framework:  

1A 

32.04 – Conventional and renewable energies 

EUR million (to three decimal places) 

ACER: (Agency) 

Title 1 

Title 2 - Equipment 

Title 3-  

TOTAL appropriations 
for ACER* 

Year 
2013 

For each of 
the 
subsequent 
years 

Enter as many years as 
necessary to show the 
duration of the impact (see 
point 1.6) 

TOTAL 

Commitments 

Payments 

Commitments 

Payments 

Commitments 

Payments 

Commitments 

Payments 

(1) 

(2) 

(1a) 

(2a) 

(3a) 

(3b) 

=1+1a 
+3a 

=2+2a 

+3b 

2.989

2.989

2.989

2.989

2.989

2.989

2.989

2.989

*Remark: The total amount necessary to cover the REMIT related investments stands at € 3.139 million for the budgetary year 2013. In t he 
approved budget for 2013 ACER already received an allocation of €  0.150 million to cover part of those costs. The additional financial 
needs for 2013 are therefore € 2.989 million. This amount will be tr ansferred from Budget Line 32 04 06 – Competitiveness and Innovation 
Framework Programme Intelligent Energy Europe programme 

10 

 
 
 
 
 
 
 
 
 
Heading of multiannual financial  
framework:  

5 

‘Administrative expenditure’ – Not applicable 

Year 
N 

Year 
N+1 

Year 
N+2 

Year 
N+3 

Enter as many years as 
necessary to show the 
duration of the impact (see 
point 1.6)  

TOTAL 

EUR million (to three decimal places) 

DG: ENER 

(cid:121) Human resources  

(cid:121) Other administrative expenditure  

TOTAL DG <….> 

Appropriations  

TOTAL appropriations 
under HEADING 5 
of the multiannual financial 
framework  

(Total 
commitments 
Total payments) 

= 

EUR million (to three decimal places) 

2013 

Year 
N+1 

Year 
N+2 

Year 
N+3 

Enter as many years as 
necessary to show the 
duration of the impact (see 
point 1.6) 

TOTAL 

TOTAL appropriations  
under HEADINGS 1 to 5 
of the multiannual financial 
framework  

Commitments 

2.989

Payments 

2.989

2.989

2.989

11 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3.2.2.  Estimated impact on ACER's appropriations  

–  (cid:133)  The proposal/initiative does not require the use of operational appropriations  

–  (cid:58)  The proposal/initiative requires the use of operational appropriations, as described below: 

As described under section 1.4.2 the specific objective of REMIT is to increase the integrity and transparency of wholesale energy markets by 
uncovering market abuses. Increased monitoring of markets is expected to help reducing the occurrence of market abuse. It is, however, difficult 
to define concrete outputs of the market monitoring function. Measures, like number of cases investigated or market abuses uncovered could be 
misleading  and  do  not  necessarily  reflect  the  effectiveness  of  the  monitoring  exercise.  Therefore  associating  the  objective  of  the  monitoring 
exercise with possible outputs in the form as required in the following table is not conducive. 

Commitment appropriations in EUR million (to three decimal places) 

Indicate 
objectives 
and outputs  

Type
13 

(cid:216) 

Year 
N 

Year 
N+1 

Year 
N+2 

Year 
N+3 

Enter as many years as necessary to show 
the duration of the impact (see point 1.6) 

TOTAL 

OUTPUTS 

Aver
r
e
b
age 
m
u
cost  N

Cost 

r
e
b
m
u
N

Cost 

r
e
b
m
u
N

Cost 

r
e
b
m
u
N

Cost 

r
e
b
m
u
N

Cost 

r
e
b
m
u
N

Cost 

r
e
b
m
u
N

Cost 

Total 
numb
er 

Total 
cost 

SPECIFIC OBJECTIVE NO 114 
... 

- Output 

- Output 

- Output 

Subtotal for specific objective 
N°1 

SPECIFIC OBJECTIVE No 2… 

13 
14 

Outputs are products and services to be supplied (e.g.: number of student exchanges financed, number of km of roads built, etc.). 
As described in point 1.4.2. ‘Specific objective(s)…’ 

12 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                            
- Output 

Subtotal for specific objective 
No 2 

TOTAL COST 

The measure requires the use of appropriations in relation to setting up the IT system to collect, store, handle and analyse data on wholesale energy 
markets, as explained below: 

Equipment (installation / set-up): 

In 2012 the Agency signed framework contracts in order to procure all the necessary components to comply with its REMIT related obligations. (in 
particular Tenders ACER/OP/ADMIN/12/2012, ACER/OP/ADMIN/14/2012 and ACER/OP/ADMIN/21/2012). 

Hardware  and  software  must  be  in  line  and  sized  to  support  the  requirements  of  REMIT.  Even  more  importantly,  the  requirements  must  also  be 
compliant with the requirements on operational reliability. An in-depth assessment of the needs and of the contracts signed has highlighted the need 
for allocating additional hardware resources to the Agency.  

The  hardware  requirements  for  the  installation  of  the  REMIT  Market  Participant  Registration  System  for  the  European  Registry  of  market 
participants are 6 enterprise class servers with a total of 24 CPUs with an estimated cost of 14 400 EUR per year.  

The hardware for the Data Collection Systems has been estimated in at least 8 enterprise class servers with a total of 32 CPUs at an estimated cost 
of 30 600 EUR per year. This hardware is needed to implement the provisions of Article 8 of REMIT.  

The hardware for the Market Monitoring Software is required to comply with under Article 7 of REMIT. The actual need is 8 enterprise servers 
class with at least 32 CPUs in total with an estimated cost of 56 000 EUR per year.  

Need for storage for the entire project for year 2013 has been estimated in 20 Terabytes, including security measures implementing Article 12 of 
REMIT. The estimated cost is 51 600 EUR. 

Dedicated connectivity price with contractors and stakeholders is estimated at 136 938 EUR per year. 

Security devices required to comply with requirements of Article 12 of REMIT are estimated to cost 170 000 EUR. 

Total estimated need for IT infrastructure hosting services (hosting costs) will be in the order of 459 538 EUR for year 2013. No hardware was 
procured during year 2012 as the Agency was using existing hardware with the aim to optimize budget.  

13 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additional licenses of “out of the shelf products” are needed  to comply with existing legislation on Copyright and licensing, to comply with Article 
12 of REMIT and to improve efficiency of the entire implementation of the management and maintenance phases by the ACER IT Staff.  

Oracle Database licenses are needed both for the Registration and the Data Collection modules (Articles 8 and 9 of REMIT) to run on 8 CPUs 
with an estimated cost of 140 000 EUR. 

Licenses for transactional engines and Application Servers (formally JBoss licenses for at least 8 CPUs) are needed to implement reliability and 
technical standards.  Estimated cost: 12 000 EUR. 

Operating systems and virtualization softwares will optimize use of hardware resources at a cost of 26 000 EUR. 

A general portal/container linked to REMIT will need to be established to simplify the communication and the definition of cooperation workflows 
among the involved parties. The cost for the licenses for the Liferay portal EE (which is the designated platform) is around 33 900 EUR for 2013 
based on official Software Vendor price list. 

The estimated cost of the Market Monitoring Software License in 2013 is 450 000 EUR.  

The total cost of “out of the shelf”software products is 661 900 EUR for 2013. 

Apart from “out of the shelf software” for the monitoring tasks the Agency need to procure developed software.  

The Registration Software to build up a European Registry of market participants has been already ordered in 2012 and fully committed for a total 
value of 293 000 EUR against an initial forecast of 200 000 EUR. An additional appropriation of 93 000 EUR will need to cover the additional costs.  
The  reasons  for  this  increase  is  the  need  for  the  software  to  be  as  flexible  as  possible  to  accommodate  procedural  differences  in  the  27  Member 
States. 

In  order  to  prepare  the  data  cleaning  process  and  to  enable  the  ETL  (Extract,  Transform  and  Load)  process  to  be  performed  a  Data  Collection 
software  with  several  interfaces  to  data  reporting  parties  will  be  necessary.  With  a  view  to  optimizing  resources  and  to  increase  operational 
reliability the use of data aggregators is considered (Registered Reporting Mechanisms – RRM - and Regulated information Services – RIS). Tasks 
related  to  the  handling  data  reports  (reporting  obligations  in  Article  8  (1)  to  (4)  of  REMIT)  have  been  estimated  at  a  cost  of  600  000  EUR.  
including the costs of the RRM accreditation system.  

Reporting obligation on fundamental and physical data related to the energy market as from Article 8(5) of REMIT, will be implemented with 
the creation of the RISs. The estimated cost is 300 000 EUR to be allocated in year 2013 including the cost of the RIS accreditation system.  

14 

 
 
In addition costs related to obligations laid down in Articles 8(2), 4 (1) and 15 of REMIT (list of products and contracts, obligation to publish 
inside information and obligations of persons professionally arranging transactions) will amount to 100 000 EUR in 2013. 

The cost of an ETL software (Extract, Transforms  and Load) is estimated at 200.000 EUR. Its role is to validate, clean, correct and transform all 
incoming  data  to  be  used  for  the  Market  Monitoring  or  to  be  prepared  for  the  sharing  phase  with  third  parties.  Also  removal  of  double  reported 
transactions is needed prior market monitoring analysis.  

ACER has the obligation to share relevant collected information with competent authorities requiring the set up different data formats. Estimated 
cost for 2013: 200 000 EUR. 

The total cost of acquisition and development of software products is 1 493 000 EUR to be allocated in 2013. 

In order to properly calibrate the Market Monitoring platform, set the needed alert and to determine the different data sources and the needed data 
formats to import from the lower software levels a design study will be needed for a total amount of 75 000 EUR in 2013. 

Additional IT consultancy for around 300 000 EUR will be needed to support the ACER Market Monitoring team in defining and determining the 
organizational and technical standards and requirements, well-structured internal procedures and in analysing of the workings and trends of traded 
energy markets (200 man/days for year 2013, at an average price of 1 500 EUR per man day).  

In order to cover the Market Monitoring Department’s missions and all the mission costs related to contractors, an additional appropriation of 150 
000 EUR for 2013 is needed. The appropriation will cover around 150 days of mission to/from Ljubljana and the major capital cities in Europe. 

In summary, for the aforementioned reasons, ACER will need the total amount of  3 139 438 EUR for the budgetary year 2013 in order to 
implement obligations related to REMIT as also described in ACER’s Work Programme 2013.  

15 

 
 
3.2.3.  Estimated impact on ACER's human resources  

1.1.1.1.  Summary  

–  (cid:58)  The  proposal/initiative  does  not  require  the  use  of  appropriations  of  an 

administrative nature  

1.1.1.2.   Estimated requirements of human resources for the parent DG 

–  (cid:58)  The proposal/initiative does not require the use of human resources.  

16 

 
 
3.2.4.  Compatibility with the current multiannual financial framework  

–  (cid:58)  Proposal/initiative is compatible the current multiannual financial framework. 

–  (cid:133)  Proposal/initiative  will  entail  reprogramming  of  the  relevant  heading  in  the 

multiannual financial framework. 

Explain what reprogramming is required, specifying the budget lines concerned and 
the corresponding amounts. 

–  (cid:133)  Proposal/initiative requires application of the flexibility instrument or revision 

of the multiannual financial framework15. 

Explain what is required, specifying the headings and budget lines concerned and the 
corresponding amounts. 

3.2.5.  Third-party contributions  

–  The proposal/initiative does not provide for co-financing by third parties.  

–  The proposal/initiative provides for the co-financing estimated below: 

Appropriations in EUR million (to three decimal places) 

Year 
N 

Year 
N+1 

Year 
N+2 

Year 
N+3 

Enter as many years as 
necessary to show the 
duration of the impact (see 
point 1.6) 

Total 

Specify 
the 
financing body  

co-

TOTAL 
appropriations 
cofinanced  

15 

See points 19 and 24 of the Interinstitutional Agreement. 

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3.3. 

Estimated impact on revenue  

–  (cid:58)  Proposal/initiative has no financial impact on revenue. 

–  (cid:133)  Proposal/initiative has the following financial impact: 

– 

– 

(cid:133) 

(cid:133) 

on own resources  

on miscellaneous revenue  

18