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REMIT, Uncategorized

REMIT sanctions large and small

See here for a press release from Spain’s CNMC announcing a sanction on Iberdrola Generación of a 25 million Euro fine for a breach of REMIT. The fine can still be appealed against. The highlighted activity  occurred at the end of 2013, before data collection started.

In addition Elering, the Estonian TSO has been fined 10 thousand Euro for a late publication of inside information. The fine has been announced here on the Estonian Competition Authority’s web site. Elering intend to appeal, as announced here.

 

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on energy and commodity regulation. He has more than 20 years of experience in energy and commodity trading, credit, risk and financial technology. He has delivered a series of trading, credit and risk solutions to a wide variety of oil majors, power and gas companies and investment banks. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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