Regulation (EU) No 1227/2011
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Spanish regulator fines Enet Energy €1m for gas market manipulation attempt
CNMC reminds us that even an attempt to manipulate is a breach of REMIT. We compare the case with recent fines and look at ACER guidance on market manipulation.
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ACER updates REMIT Q&As to reflect regulatory revisions
Notable changes include: new obligations for third-country market participants; order book reporting by organised marketplaces; and expansion of REMIT’s scope.
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Energi Danmark fined for manipulating the Nordic electricity market
Energi Danmark A/S has agreed to pay a fine of DKr 380,000 for violating a ban on market manipulation under REMIT.
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Gesternova S.A. fined €6m and Axpo Iberia fined €1.5m for electricity market manipulation
The Spanish energy regulator found that the companies had manipulated the market by giving false or misleading statements aka “quote stuffing”.
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Enérgya VM Gestión de Energía fined €1m for gas market manipulation
The Spanish energy regulator found that the company had artificially set the price of gas in trading sessions.
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REMIT: EU Wholesale energy markets update
Covering algorithmic trading notifications; the Energy Trading Annual Industry report; the latest ACER Quarterly Review; and recent REMIT fine.
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10 key things market participants should know about the EU REMIT Review
Assessing amendments to the regulation on wholesale market integrity and transparency.
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EU moves to stop manipulation of wholesale energy market
New law aims to protect against market manipulation and reinforce market surveillance.