The National Energy Regulatory Council of Lithuania (NERC), the National has just announced that UAB Geros dujos has been fined EUR 28,583, which corresponds to 7.5% of annual revenue, for “marking the close” in the Lithuanian gas market. The press release is here. According to this decision notice, the fine relates to activity in the first half of 2017.
This is the first REMIT fine of the year, following several last year (for example see here). As discussed in our opening post of the year (see here), it is expected that a great deal of anti abuse activity will be seen.