Time is running out for energy companies that have to work out if they will be included or exempted by upcoming financial rules that will make some of them operate like banks. The European Commission in December published long-awaited rules on the two tests that energy firms will have to carry out to see if […]
Energy Connections
Stricter energy market abuse rules to apply from 3 July
In less than one month, energy trading across all European countries will be subject to stricter trading rules, as the Market Abuse Regulation (MAR) and the directive on criminal sanctions for market abuse come into force. From 3 July, the two pieces of legislation will strengthen the current anti-abuse framework and widen its scope. The rules aim to prohibit insider dealing and market manipulation, and […]
REMIT second reporting phase nears
With only a couple of weeks left before additional energy trade reporting requirements kick in, trading firms are trying to solve various last-minute issues. Since October 2015, under the regulation for wholesale energy market integrity and transparency (REMIT), firms registered as market participants have been reporting to the Agency for the Cooperation of Energy Regulators (ACER) all […]