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ARTICLE · 29 DECEMBER 2011

More Transparency In EU Wholesale Energy Markets

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

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As mentioned in a press release of the Council of 10 October 2011, the Council adopted the EU Regulation on energy market integrity and transparency (REMIT) on the same day, following a first-reading agreement reached by the European Parliament.

NetherlandsEnergy and Natural Resources

As mentioned in a press release of the Council of 10 October 2011,  the Council adopted the EU Regulation on energy market integrity and transparency (REMIT) on the same day, following a first-reading agreement reached by the European Parliament.

The REMIT is part of the implementation of the third liberalisation package. Its aim is to protect end consumers and to achieve this, a transparent market as well as clear market rules are needed for energy traders. The Regulation consists of rules to prevent market manipulation and insider trading on wholesale energy markets in the EU as well as establishing requirements to publish inside information. Under the REMIT, ACER (the 'Agency for the Cooperation of Energy Regulators') has been given new responsibilities such as monitoring trading activities in wholesale energy markets in close collaboration with national regulatory authorities. ACER will also establish a European register of market participants based on

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