By developing useful, timely and reliable transparency tools, GIE supports the decarbonisation of the EU energy landscape. Indeed, GIE's transparency platforms AGSI+ and ALSI perform a critical role in the well-functioning and evolution of the EU internal gas market. The establishment of GIE as IIP (Inside Information Platform) under REMIT (Regulation on Wholesale Energy Market Integrity and Transparency) will add the disclosure of UMM (Urgent Market Messages) to its Transparency Platforms. As of 1 January 2021, wholesale energy market participants are required to disclose inside information through IIPs.
In 2020, ACER - the governing body monitoring and ensuring greater transparency in markets by helping to reduce the risk of manipulation - commenced the process of registering Inside Information Platforms (IIPs) as Regulated Information Services (RISs). On 22 December 2020 GIE has completed Phase I of the IIP registration process towards ACER and has been listed as IIP in the category “Transparency Platforms”.
“Today, GIE reaffirms its commitment to gas market transparency and to working jointly with regulators and energy game-changers. To properly tackle the thrilling - but complex - energy transition that we are facing, we need to follow a holistic approach. Having access to updated and reliable technical information on the ground is essential. GIE’s transparency platforms AGSI+ and ALSI provide such information and are a key ally to energy leaders.”
Boyana Achovski, GIE Secretary General stated.
The GIE Inside Information Platform is available at https://iip.gie.eu as a consolidated platform, covering UMM (Urgent Market Messages) for storage, LNG and transmission systems/facilities. These UMMs are also accessible through the AGSI+ and ALSI Transparency Platforms.
“According to Article 4(4) of REMIT, the publication of inside information, including in aggregated form, in accordance with Regulation (EC) No 714/2009 or (EC) No 715/2009, or guidelines and network codes adopted pursuant to those Regulations, constitutes simultaneous, complete and effective public disclosure.
ENTSO-E and ENTSOG are providing central transparency platforms in the meaning of Article 4(4) of REMIT and are invited to adhere that the published information conforms to the minimum quality requirements of Section 7.2.2 of the ACER Guidance. ENTSOG, GIE and several TSO transparency platforms applied to be considered as IIPs for the effective disclosure of inside information and aim at adhering to the above-mentioned IIP requirements.”
By developing useful, timely and reliable transparency tools, GIE remains a pillar component of the energy transition. It plays a decisive role of technical content provider by overseeing several transparency activities including its transparency platforms ALSI (LNG) AGSI+ (storage) and the development of several maps providing a helicopter view of the European gas market.