The Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) provides an EU framework for ensuring the transparency and integrity of energy markets and deters market participants from manipulating the market. It has also an important role in protecting the interests of companies and consumers and ensuring trust in energy markets.
REMIT keeps pace with the dynamics of market developments and ensures that market participants have a clear understanding of market developments and compliance with the Regulation's provisions, and on this basis, the European Commission presented a legislative proposal to amend it in March 2023. The revised REMIT was adopted by the European Parliament on the 29th of February 2024 and by the Council on the 18th of March 2024.
The REMIT Quarterly is ACER's main channel of communication with stakeholders on REMIT-related matters. It provides updates on quarterly basis.
What are the updates of the 1st quarter (January – March) of 2024?
This 36th edition covers REMIT news and features for the last quarter of 2023:
- ACER and European Commission joint workshop on REMIT II implementation (the 11th of June 2024). Register for free here;
- Further details on the implications of the revised REMIT Regulation (published on the 17th of April 2024 in the Official Journal of the European Union);
- Report on a REMIT breach in the Italian gas market, where the national energy regulator ARERA imposed a €940,000 fine on ENET Energy S.A.;
- an updated overview of the sanction decisions over the first quarters (361 REMIT cases under review at the end of the fourth quarter)
- the statistics for registered reporting mechanisms' (RRMs') contingency reports;
- an assessment of trading on organised market places in the first quarter of 2024;
- other recent REMIT updates.
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