REMIT Fine in Finland – Implementing Regulation in force
The Finnish Energy Authority has proposed that a Market Participant be fined 9.25M EUR for breaches of REMIT due to the placing of erroneous orders and the impact of them.…
ACER opens consultation on REMIT reporting
Following last week's adoption of the new REMIT Implementing Regulation and Delegated Regulation (see here) by the European Commission, ACER has today opened a consultation on new Guidelines on transaction…
New version of Nordpool REMIT best practice document
Nordpool has released the third version of their "REMIT Best Practice" document which is the product of several entities. The new version adds more information on algorithmic trading controls (as…
Ofgem note on the use of Inside Information thresholds under REMIT
Ofgem, the National Regulatory Authority of Great Britain, has issued a note on the use of thresholds under REMIT for determining whether a piece of Information is "Inside Information". The…
REMIT II Implementing and Delegated Regulations adopted
We are back after a short break to find that yesterday, the long awaited REMIT II Implementing and Delegated Regulations have been adopted by the European Commission. The first will…
REMIT fine in Lithuania
VERT, the National Regulatory Authority in Lithuania, has fined the TSO Litgrid 21,500 EUR for a breach of REMIT Article 5 (market manipulation prohibition) in 2022. The notice can be…
ACER webinar and more
ACER has announced a webinar on REMIT II reporting on April 23rd. Registration and more information is available here. The webinar refers to an adopted REMIT II Implementing Regulation (see…