End of year updates – REMIT consultation, UK AAT, fines and more
This catch up post summarises a few pieces of news over the last weeks: ACER has today announced that they will run a consultation in January and February on whether…
Slides from REMIT webinar
The slides from the webinar held last Friday 28th November on REMIT II run by ACER and the European Commission can be found here.
New REMIT Quarterly
ACER has released the latest version of their Quarterly newsletter on REMIT, which can be found here. It includes a summary of many of the recent updates as well as…
1M EUR REMIT fine in Spain for “Marking the close”
The CNMC Spanish National Regulatory Authority has announced a fine of 1M Euros levied on a market participant for a breach of REMIT Article 5, the market manipulation prohibition. The…
No manipulation found in German “Dunkelflaute”
The period of high demand with low renewable generation last winter in Germany ("Dunkelflaute"), which led to high prices, has been investigated by several German government agencies including Bundesnetzagentur , the…
ACER and Commission REMIT workshop – 28 November
ACER and the European Commission DG Energy will run a public workshop on Friday 28th November covering various topics relating to the implementation of REMIT II. Registration and details can…
ACER opens consultation on CEREMP
ACER has opened a consultation on changes to be applied to the "CEREMP" database (Centralised European Register of Energy Market Participants). Market Participants in the EU REMIT must register in…
FCA MarketWatch 84 on EMIR reporting
The UK's Financial Conduct Authority (FCA) has published the latest MarketWatch newsletter, this time about EMIR reporting, on the first anniversary of the start of the "REFIT" change in the…
REMIT updates: Fines in Bulgaria and CEREMP changes
DKER, the National Regulatory Authority of Bulgaria, has imposed fines of 10,000 BGN each (approx 5,000 EUR) on two firms for breaches of REMIT Article 4, the obligation to disclose…
Fine in Australia for failure to prevent commodity derivative market manipulation
ASIC, the Australian financial regulator, has fined a financial firm 3.88 million AUD (approx 2.2m EUR) for failing to monitor and prevent "marking the close" of the wheat futures markets.…