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EU reform of electricity market design – Part One

U flags fly outside the Berlaymont, the headquarters of the EU Commission in Brussels
Photo: Getty Images

Louise Dalton; Stella Mavrommati

8 min read

The REMIT Proposal seeks to reform the REMIT framework, expand the role of ACER in its enforcement and better align with financial market legislation on market abuse.

On March 14, 2023, the European Commission (“Commission”) published its legislative proposals to reform the EU electricity market in a two-fold way:

  • by amending Regulation (EU) No 1227/2011 of the European Parliament and of the Council (REMIT) to enhance the toolbox available to monitor and enforce market integrity and transparency (“REMIT Proposal”),
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