Vitol SA has received a fine of €5m levied by the Commission de régulation de l’énergie (CRE), the French National Regulatory Authority for a breach of REMIT. The fine is levied for “sending misleading price signals” by placing “phantom orders” in the PEG Sud  market on multiple occasions. The press release in English can be found here and the decision notice in French here.

The fine follows other anti abuse activity such as a recent dawn raid in Romania for suspected “physical withholding” under REMIT (see here).