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ACER Guidance on the application of REMIT

 

Under Article 16(1) of Regulation (EU) No 1227/2011 on Wholesale Energy Market Integrity and Transparency (REMIT) the Agency for the Cooperation of Energy Regulators (ACER) is granted the competence to publish non-binding guidance on the application of some REMIT definitions.

 

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8 April 2020

 

ACER publishes the 5th Edition of its Guidance on the application of REMIT containing more detailed clarifications concerning the definition of information and inside information under REMIT


15 October 2019

 

ACER publishes an updated version of the 4th Edition of its Guidance on the application of REMIT - clarifications on capacity withholding as the market manipulation practice (modified section 6.4.1(i))

 

Moreover, some coordination powers among the EU Member States’ National Regulatory Authorities (NRAs) are entrusted to the ACER under REMIT.

 

The attached ACER Guidance on the application of REMIT has a non-binding character and is directed to the NRAs to ensure the consistency in their monitoring activities under REMIT.

 

As the preface to the Guidance reads, the document is updated from time to time to reflect the changing market conditions and the experience gained by the Agency and NRAs in the implementation of REMIT.

 

The update of the 4th edition of the Guidance released on 15 October 2019 deals with the issue of capacity withholding as the market manipulation practice (modified section 6.4.1(i), p. 38, 39).

 

“By identifying market manipulative capacity withholding, the Guidance reflects the difference between market outcomes that are the result of true market conditions, such as scarcity and those that are the result of market manipulation through withholding of capacity”, the ACER has said.

 
On 8 April 2020 the ACER published the 5th Edition of the Guidance, which contains more detailed clarifications concerning the definition of information and inside information under REMIT, in particular, the concept of the “reasonable market participant” has been explained.

 

 

 

 

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ACER Guidance on the application of REMIT - chronicle 

 

 

 

 

 

8 April 2020

 

ACER publishes the 5th Edition of its Guidance on the application of REMIT containing more detailed clarifications concerning the definition of information and inside information under REMIT

 

15 October 2019

 

ACER publishes an updated version of the 4th Edition of its Guidance on the application of REMIT - clarifications on capacity withholding as the market manipulation practice (modified section 6.4.1(i))

 

17 July 2019

 

ACER publishes an updated version of the 4th Edition of its Guidance on the application of REMIT.

In Sections 7.1 and 7.2 ACER introduces the new requirement for the information to be disclosed using an inside information platform or transparency platform.

 

 

 

 

 

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    Links    

  

 

 

 

ACER Guidance on the application of Regulation (EU) No 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency

 

 

 

 

 

 

Last Updated on Sunday, 12 April 2020 19:40
 

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