Last week Montel published this article which reported that the Bundesnetzagentur(German National Regulatory Authority) has opened an investigation into potential REMIT infringements by 11 firms, relating to activity in June 2019. This follows warnings given recently to 2 firms for improper activity in the German balancing market (see here).
Nordpool has published their latest market surveillance newsletter (here) which refers to the recent updated publication of the “REMIT best practice” document issued by Nordpool and a group of Nordic market participants (see here). The newsletter discusses best practice when utilising algorithmic trading in energy markets. The updated best practice document also has a new chapter on the topic.
The newsletter also examines the fine levied last year by the Hungarian Energy Regulatory Authority (HERA) on MAVIR, the Hungarian TSO, for a breach of REMIT (see here). The newsletter examines the reasoning behind the fine, which was levied for the unintentional submission of incorrect values, and supports the conclusion of HERA.