Tag Archive for 'REMIT'

BNetzA Starts Registration of Wholesale Gas and Electricity Market Participants Pursuant to EU REMIT Regulation

The Federal Network Agency (BNetzA) has opened the registration portal for registration of market participants pursuant to Article 9 of the EU REMIT Regulation.

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Federal Network Agency Lauches New Webpages Concerning REMIT and Market Transparency Agency

The Federal Network Agency (BNetzA) has launched a new web presence containing information on Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency (REMIT) and the obligations thereunder for market participants as well as the competences of BNetzA in monitoring compliance with the regulation. At the same time BNetzA also launched the new web presence of the Market Transparency Agency.

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REMIT: Bundesrat Clears Bill on Market Transparency Agency for Gas and Electricity Wholesale Market

On 23 November 2012 the Bill on the Market Transparency Agency for Gas and Electricity Wholesale Market passed the Bundesrat (Federal Council). The bill, which the Bundestag (Parliament) adopted at the beginning of November, contains important rules on the implementation of the European regulation No 1227/2011 on wholesale energy market integrity and transparency in Germany.

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REMIT: Bundestag Adopts Bill on Market Transparency Agency for Gas and Electricity Wholesale Market

The German Bundestag on Thursday adopted the Bill on the Market Transparency Agency for Gas and Electricity Wholesale Market with important rules on the implementation of REMIT in Germany.

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BMWi Presents Bill on Market Transparency Agency for Gas and Electricity Wholesale Market

The Federal Ministry of Economics and Technology (BMWi) has presented a bill on the establishment of a market transparency agency for gas and electricity wholesale. The new agency is part of the 10-Point Immediate Action Programme of German Energy Concept 2010 which has partly been reversed by the 2011 energy legislative package that provides for withdrawal from nuclear energy by 2022 and shifts priority to renewable energy.

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REMIT – EU Legislation on Insider Trading and Market Manipulation in Wholesale EU Energy Markets Entered Into Force

Today the European regulation No 1227/2011 on wholesale energy market integrity and transparency entered into force (REMIT). With it, as of today, insider trading and market manipulation are specifically prohibited in the covered area. Market participants and persons professionally arranging transactions are now obliged to publish certain insider information.

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CEER Publishes Final Advice on the Introduction of a Europe-Wide Energy Wholesale Trading Passport

The Council of European Energy Regulators (CEER) has presented a paper that proposes to introduce a Europe-wide Energy Wholesale Trading Passport, which sets uniform standards and replaces national regulatory access regimes respectively introduces them for the first time in some EU countries. This would create a level playing field and reduce bureaucracy, in particular for trading companies active in more than one country, CREER says.

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EU Council Adopts REMIT Regulation

The Council of the European Union yesterday adopted the Regulation on Energy Market Integrity and Transparency (REMIT) following a first-reading agreement reached by the European Parliament.

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European Parliament Approves Regulation on Energy Market Integrity and Transparency (REMIT)

On Wednesday the European Parliament adopted its position for the Regulation on Energy Market Integrity and Transparency (REMIT) that shall establish rules prohibiting abusive practices on wholesale energy markets. REMIT aims at ensuring the integrity and transparency of European energy markets, preventing insider trading and market manipulation for the benefit of consumers on the increasingly interlinked European markets.

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BDEW: MiFID Reform May Lead to Applicability of Capital Requirements Directive for Energy Traders

This week, the European Commission proposed to tighten the Capital Requirements Directives (CRD). The Federal Association of the Energy and Water Industry (BDEW) warned that energy traders might be affected in the future, as a planned reform of the Markets in Financial Instruments Directive (MiFID) might make energy trading companies financial services providers that are subject to supervision.

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