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Energy market
What precisely electricity generators should publish as inside information under REMIT Regulation
Monday, 23 January 2012 06:25

What precisely should be published under new disclosure scheme for wholesale energy products?

ACER Agency in its Guidelines built its list consisting of three main items:
- any planned outage, limitation, expansion or dismantling of capacity of one generation unit that equals or exceeds 100 MW, including changes of such plans,
- any unplanned outage or failure of capacity that equals or exceeds 100 MW for one generation unit, consumption or transmission facility, including updates on such outages or failures,
- any other information that is likely to have a significant effect on the prices of one or more wholesale electricity product if made public;

the last one however is quite spacious.

But ERGEG’s catalogue released in December 2010 as regards electricity generators stipulated the positions for disclosure far more extensively and specifically.

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How to publish inside information under REMIT Regulation
Wednesday, 11 January 2012 08:31

Is the publication on market participant’s own website the sufficient discharge of the disclosure obligation on wholesale energy market?

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ACER publishes guidelines on REMIT Regulation but certain issues still require urgent reaction of the Agency
Tuesday, 27 December 2011 22:57

 

The main body of the REMIT Regulation applies from 28 December 2011. So, practically, it is useful to precisely define what arrangements energy firms should have in place as of that date.

The newly published ACER guidelines on REMIT coincide with the release of the ‘CEER final advice on the regulatory oversight of energy exchanges, A CEER Conclusions Paper’. Perceived jointly, the considerations of the Union and the national energy regulators, lean towards the  reflection what we find at the end of the regulatory direction started by REMIT. The problem particularly concerns vertically integrated undertakings.

 

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Europe-wide passport for wholesale trading in electricity and gas, MiFID passport or REMiT registration – a field for analysis for energy traders
Saturday, 17 December 2011 20:43

 

The thorough re-calibration of energy trading licensing regime is looming. Besides standard registration required by the REMIT Regulation, the wholesale energy market participants will have the option for choosing either Europe-wide passport for wholesale trading in electricity and gas or MiFID passport – depending on the projected extent of business activity.

 

Market participants remaining beyond the scope of MiFID, will have to, however, regularly and on an ongoing basis, monitor exemptions foreseen by this Directive (currently undergoing the revision under the so-called MiFID II and MiFIR procedures) and the character of contracts concluded on the market so that not to run the risk of a charges of providing financial services without proper authorisation.

 

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