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Energi Danmark fined for manipulating the Nordic electricity market
Energi Danmark A/S has agreed to pay a fine of DKr 380,000 for violating a ban on market manipulation under REMIT.
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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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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’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.