REMIT / EMIR Status

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Publication according to Article 4(1) of REMIT / UMM - Urgent Market Messages

The Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency (REMIT), which entered into force on 28 December 2011, sets specific rules on the prohibition of insider trading and market manipulation, on the obligation to publish inside information, and on monitoring of wholesale markets for electricity and natural gas. 

In compliance with the obligation to publish inside information laid down by art. 4 of REMIT the most updated data on planned and unplanned unavailability of production, storage or consumption facilities owned or operated by BKW and its subsidiaries is published on the EEX transparency platform. 

For further information please contact BKW under phone +41 (0) 58 477 63 51.

In case of failure of either the EEX transparency platform or any other IT system involved, potential inside information with respect to BKW’s facilities may exceptionally and temporarily be published below. Any information published below will subsequently be transferred to the EEX transparency platform.  As temporary redundancies are possible, please always check the link above for more up-to-date information

The European Market Infrastructure Regulation (Regulation (EU) No 648/2012 of 4 July 2012 on OTC derivatives, central counterparties and trade repositories, “EMIR”) sets forth certain regulatory obligations for counterparties, the extent of which depends on the company’s status and scope of trading. EMIR differentiates between the following categories:

• FC – financial counterparties
• NFC – non-financial counterparties
• NFC+ – non-financial counterparties above the EMIR clearing thresholds (as determined in Article 11 of the Commission Delegated Regulation (EU) No 149/2013 of 19 December 2012, “RTS”)

The BKW Group is a group of companies with the stock-listed BKW AG as the ultimate parent company established in Switzerland and thus outside the European Union and the EEA. All BKW Group companies established in the European Union are non-financial counterparties (NFC) pursuant to Article 2 (9) of EMIR. Similarly, BKW AG and the BKW Group companies established in Switzerland would be non-financial counterparties if they were established in the European Union. Currently, BKW does not exceed any of the relevant clearing thresholds in Art. 11 of the RTS at group level. This status remains subject to continuing review.

Even if no clearing obligation for a counterparty exists, EMIR sets forth certain obligations regarding OTC derivative contracts (“EMIR-relevant transactions”), e. g. reporting or risk-mitigation obligations. For reporting purposes, each counterparty entering into EMIR-relevant transactions needs to be identified with a Legal Entity Identifier (LEI). The following list shows the (Pre-)LEIs of all BKW Group companies that have entered or may enter into EMIR-relevant transactions.

For further information, please contact BKW legal service, Phone +41 (0) 58 477 56 69.