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The EU Commission intensifies enforcement of Regulation on Wholesale Energy Market Integrity and Transparency (REMIT)

REMIT is an EU-level framework for identifying and penalising insider trading and market manipulation in wholesale electricity and gas markets in the EU. REMIT applies to any person/entity whose conduct affects these markets, irrespective of where the person/entity is based. There has been an increase in the number of investigations into violations of REMIT, as well as the scale of sanctions for non-compliance. Indeed, regulators have issued six decisions regarding market manipulations in violation of REMIT in the past twelve months, and dawn raids for suspected violations have become more common. To date, regulators have investigated and fined a variety of market participants, including energy exchanges, gas and electricity suppliers, and traders. Regulators have issued fines to both

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Authors

  • Baker Botts (Brussels)
  • Baker Botts (Brussels)
  • Baker Botts (Brussels)
  • Baker Botts (Brussels)

Quotation

Ella Adler, Matthew Levitt, Leigh Hancher, Paul Lugard, The EU Commission intensifies enforcement of Regulation on Wholesale Energy Market Integrity and Transparency (REMIT), 14 May 2019, e-Competitions May 2019, Art. N° 94818

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