|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.
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.
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.
|Last Updated on Sunday, 15 December 2019 13:36|