The Danish Energy Regulator Authority (DERA) have referred a case to the State Prosecutor asking them to open a criminal investigation into a possible breach of REMIT Article 5 (market manipulation). The suspected breach refers to trading in the Danish wholesale gas market. The announcement by DERA can be found here. Breaches of REMIT Article 5 can lead to criminal sanctions in Denmark

The investigation is also mentioned in this article on the ICIS web site, which alludes to the fact that ACER were investigating 30 alleged cases of abuse at the end of 2014, none of which have yet led to a conviction.

Most of the “REMIT news” at present refers to the upcoming reporting requirements, with the initial reporting date set for 7th October 2015. It should not be forgotten that the REMIT inside information and anti manipulation rules are already in force. Announcements such as this one act as a reminder that the entire purpose of REMIT is the avoidance of market abuse, and that the reporting is ultimately there to support this goal.