CASE COMMENTS: REGULATIONS – ENERGY – FRANCE – MARKET MANIPULATIONS

Market manipulations: The Energy Regulatory Commission (Dispute Settlement and Sanctions Committee) imposes a €5 million penalty for market manipulations on a French wholesale energy market (Vitol)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. EU Regulation 1227/2011, known as the REMIT Regulation, organises the supervision of wholesale electricity and gas markets by national regulatory authorities in the European Union. In this framework, national regulatory authorities have the power to investigate and sanction market abuse, including insider dealing and market manipulation. In France, the Comité de Règlement des Différends et des Sanctions ("CoRDiS") of the Commission de régulation de l'énergie ("CRE") is competent to sanction breaches of the REMIT regulation, as provided for in Article L. 134-25, third paragraph, of the Energy Code. On 5 October 2018, CoRDiS, after an investigation by the

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Authors

  • White & Case (Paris)
  • Conseil de la concurrence

Quotation

Orion Berg, Guilhem Issartel, Market manipulations: The Energy Regulatory Commission (Dispute Settlement and Sanctions Committee) imposes a €5 million penalty for market manipulations on a French wholesale energy market (Vitol), 5 October 2018, Concurrences N° 1-2019, Art. N° 89371, pp. 192-193

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