Company in Spain ordered to pay 41.5M EUR for electricity price manipulation
CNMC, the National Regulatory Authority of Spain, has ordered a market participant to pay a fine of 6M EUR of top of compensation of 35.5M EUR for price manipulation of…
ACER publishes open letter on LNG data quality
ACER today published this open letter relating to data reporting of LNG activity under the Council Regulation introduced earlier this year (see here). The letter highlights issues with some of…
REMIT case in Italy – ESMA MAR report
ARERA, the National Regulatory Authority for Italy, has posted this announcement informing of action against a market participant for breaches of REMIT Article 5 (market manipulation). The activity in question…
Consultation in Denmark opened relating to REMIT
Forsyningstilsynet, the Danish National Regulatory Authority, has opened a consultation into the practice of "self trades" in capacity on borders and the issue of capacity hoarding under REMIT. The consultation…
REMIT fine of 1.4M EUR in Hungary
It has been announced that a market participant in Hungary has been fined 500 million HUF (approx 1.4M EUR) for a breach of REMIT article 5. The announcement (in Hungarian)…