Is Remit too big a burden for energy market participants?
Remit, the EU’s new energy trading regulation, sprung from political concerns about market abuse. The provisions will massively increase reporting requirements for energy producers. But do they go too far, and is the body charged with collecting market data adequately resourced? Ellen Davis investigates the implications for energy and commodity players
New European Union (EU) rules designed to prevent insider trading and market manipulation in the European energy markets will create a new layer of compliance requirements, some of which must be acted on immediately, according to the head of the Agency for the Cooperation of Energy Regulators (Acer). However, he says other rules will take time to implement, as Acer has to build a robust technology infrastructure to capture and monitor data from across the region.
The EU’s Regulation on Energy
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