Regulation (EU) 1227/2011 on wholesale energy market integrity and transparency (REMIT) defines a framework for identifying and penalising insider trading and market manipulation in wholesale energy markets across Europe. It entered into force in 2011.
Since 2015, all participants trading wholesale gas or electricity contracts for delivery in Europe on Organised Market Places (OMPs) have the obligation to report information about their trading activity to ACER.
REMIT Implementing Regulation: Commission Implementing Regulation (EU) No 1348/2014 on data reporting
REMIT Fees: the recast of the ACER Regulation included in the Clean Energy Package introduced REMIT fees in view to support ACER in undertaking its REMIT activities and the provision of its services to market participants. On 17 December 2020, the Commission published the Commission Decision(EU) 2020/2152 on fees due to the European Union Agency for the Cooperation of Energy Regulators for collecting, handling, processing and analysing of information reported under Regulation (EU) No 1227/2011 of the European Parliament and of the Council (Official Journal of the European Union, L 428/68) (REMIT Fees Decision).
Guidance on REMIT: Within the REMIT Portal, ACER publishes non-binding guidance on REMIT, as well as documents designed to assist in the implementation of REMIT. Specific guidance notes include:
- 6th Edition
- Guidance Note 1/2019 – Layering and Spoofing
- Guidance Note 1/2018 – Transmission Capacity Hoarding
- Guidance Note 1/2017 – Wash Trades
Other documents include: