REMIT
Regulation on Energy Market Integrity and Transparency
EU regulation preventing market abuse in wholesale energy markets through transparency and monitoring.
REMIT prohibits insider trading and market manipulation in wholesale energy markets including electricity, natural gas, and related derivatives. The regulation requires market participants to disclose inside information that could significantly affect energy product prices. Energy market participants must report transaction details to the Agency for the Cooperation of Energy Regulators (ACER) for market surveillance. REMIT covers physical and financial energy trading including power purchase agreements, gas supply contracts, and energy derivatives. The regulation includes registration requirements for market participants and establishes penalties for violations. REMIT aims to ensure fair and transparent price formation in energy markets that are crucial for European economic competitiveness and energy security.
Example
Power plant outage disclosures, gas storage level reporting, energy derivative transaction reporting