The Agency for Co-operation of Energy Regulators (ACER) has published the fourth edition of its guidance on the application of the Regulation on wholesale energy market integrity and transparency (REMIT).
The updated guidance places strong emphasis on Article 15 of REMIT. ACER intends to provide more detailed guidance to national regulatory authorities (NRA) concerning the supervision of the obligations imposed on persons professionally arranging transactions (PPATs) by Article 15 of REMIT, taking into account the important number of trades in the wholesale energy markets that they intermediate.
The updated guidance therefore defines ACER’s understanding of the notion of PPAT, and provides guidance to NRAs on how to monitor PPATs’ compliance with their obligations to notify potential REMIT breaches, and on how to establish and maintain effective arrangements and procedures to identify such potential breaches.
View ACER revises guidance on the application of REMIT, 21 June 2016