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Equinor and Danske Commodities fined €12m for gas market manipulation
The firms were sanctioned for breach of European regulation on wholesale energy market integrity and transparency – 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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Gautam Adani indictment: What are the consequences?
Guatam Adani’s indictment is big news. We assess the immediate and long-term consequences for him and his business empire.
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Offshore oil is back. At what cost?
Years after one of the worst spills in history, companies in search of new discoveries are drilling even deeper into the seabed.
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Spotlight on new reporting obligations for energy markets participants
The next set of REMIT obligations include the monitoring and reporting of suspicious transactions or order reports.
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Energy’s rising importance is matched by regulatory scrutiny
Government concern about the state of the energy markets has led to new rules, and to action by regulators targeted at the energy and commodity sector.
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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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ACER consults on new data reporting requirements in REMIT
ACER has launched a public consultation on changes to the Annex of the REMIT Implementing Regulation concerning data reporting in wholesale energy markets.