On 13 May 2024, the European Union Agency for the Cooperation of Energy Regulators (ACER) published its latest issue of REMIT Quarterly.

The Regulation on Wholesale Energy Market Integrity and Transparency otherwise known as REMIT provides an EU framework for the transparency and integrity of energy markets and aims to deter market participants from manipulating the market. REMIT Quarterly is ACER’s main channel of communication with stakeholders on REMIT-related matters, providing updates on ACER’s REMIT activities.

This latest edition covers Q1 2024 and features:

  • ACER and the European Commission joint workshop on REMIT II implementation (11 June 2024).
  • Further details on the implications of the revised REMIT Regulation (published on 17 April 2024 in the Official Journal of the European Union).
  • Report on a REMIT breach in the Italian gas market, where the national energy regulator ARERA imposed a €940,000 fine on ENET Energy S.A.
  • Updated overview of the sanction decisions under REMIT for 2024, with 361 cases under review at the end of the first quarter.
  • Statistics for Registered Reporting Mechanisms’ contingency reports.
  • Overview of trading on organised marketplaces in Q1 2024.
  • Other REMIT updates.