How Europe’s Energy Regulators Are Tackling Market Abuses
Law360 (August 27, 2019, 1:56 PM EDT) -- Compliance activities are visible everywhere. This article discusses Europe’s energy regulators' joint efforts on compliance with specific market regulations. In recent months, Europe’s energy regulators have increasingly used their powers to police behavior in the European wholesale energy market.
EU Regulation No. 1227/2011 — the Regulation on wholesale Energy Market Integrity and Transparency, or REMIT — prohibits, inter alia, insider trading and market manipulation on the wholesale energy market, in accordance with Articles 2 and 5 respectively. In the last quarter of 2018 and the first quarter of 2019, we saw fines and sanctions imposed under REMIT for allegedly abusive behavior on the European wholesale energy...
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