What's the role of REMIT?
REMIT protects the integrity of wholesale electricity and gas markets by reducing instances of market abuse and increases the EU consumers' confidence in market outcomes.
Market abuse can be either market manipulation or insider trading.
REMIT prohibits market participants to engage in or attempt market manipulation. This includes performing false or misleading transactions, price positioning which secures or attempts to secure the price at an artificial level, as well as transactions involving fictitious devices or deception, and the dissemination of false and misleading information.
REMIT prohibits using or disclosing inside information or recommending other persons to use inside information – with few strict exemptions.