Skip to Primary Navigation

Skip to main content

Enérgya VM Gestión de Energía fined €1m for gas market manipulation

Installation of Natural Gas Pipes and deposits , Madrid.
Photo Quim Llenas/Cover/Getty Images

Jean Hurley

1 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

The Spanish energy regulator found that the company had artificially set the price of gas in trading sessions.

The Comisión Nacional de los Mercados y la Competencia (CNMC) has imposed a €1m ($1.11m) fine on Enérgya VM Gestión de Energía, SLU for manipulating the Spanish gas market.

This penalty comes under the REMIT Regulation (EU) No 1227/2011, which prohibits market manipulation and seeks

The

, , , , , , , , , ,