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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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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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REMIT: EU Wholesale energy markets update
Covering algorithmic trading notifications; the Energy Trading Annual Industry report; the latest ACER Quarterly Review; and recent REMIT fine.
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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.
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ACER’s market surveillance and conduct activities under REMIT
Our regular new GRIP REMIT Market Watch feature covers ACER’s quarterly report on its activities under REMIT; and recent market manipulation and insider trading activity.