25th of October 2021 marked the 10th anniversary of the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT), which came into force in 2011 to support open and fair competition in the European wholesale energy markets.

The massive decarbonisation of the European energy system will increasingly rely on more integrated energy markets. Otherwise, the cost of the transition is likely to be much higher, endangering social acceptance. One aspect often overlooked of such further reliance on integrated energy markets is the ability to have trust in these markets, ensuring they are free of manipulation and other damaging trading behaviour. This is the contribution of REMIT, the most advanced energy market monitoring effort on the planet. As such, making sure REMIT evolves alongside energy system change in Europe is the ‘political corollary’ of relying on the further integration of energy markets across Member States to secure the objectives set at the highest levels of government.

What was the REMIT Forum 2021 about?

In the past 10 years of REMIT, ACER have successfully implemented practically all the pieces of the regulation. However, as the REMIT landscape continues to develop, there may eventually be a call for revision and changes. With a series of events in October 2021, ACER aimed to reflect back and to provide a high-level forum to discuss the future.

What format did the REMIT Forum 2021 take?

The 5th REMIT Forum was organised as a series of virtual events: on 25 October an introductory webinar to REMIT was followed by the main plenary session, which fostered a high level political discussion among key stakeholders. On 26 and 28 October, the Forum provided special interest groups sessions on data, reporting and technology as well as on the ACER Guidance.

Access the REMIT Forum 2021 Conclusions.

This group was active from 2021-2023 with the goal of advising the Agency on on REMIT policy matters, including compliance with the obligation on market participants to disclose inside information. The group also advised the Agency on other EU regulations impacting energy trading and market functioning regulation on energy markets, including financial market regulation and finally, on the REMIT Regulation more broadly in order to develop proposals for any future review.​

The REMIT expert group was composed of the following members (in alphabetical order):

• Mr Aviv Handler
• Mr Bernhard Walter
• Ms Camilla Berg
• Mr Cosimo Compidoglio
• Ms Giulia Migueles-Pereyra
• Mr Karl-Peter Horstmann
• Ms Ksenia Poplavskaya
• Mr Matti Sohlman
• Ms Nadja Keranen
• Mr Piotr Krawczak
• Mr Simon Dides
• Mr Nikolaj Nabo Andersen (observer for ENTSO-E)
• Mr Mark Csete (observer for ENTSO-E)
• Ms Kathrine Stannov (observer for ENTSOG)
• Ms Viktoria Medvedeva-Tšernobrivaja (observer for ENTSOG)
• Ms Violeta Sliskovic

This group was active from 2017-2020 with the goal of advising the Agency on REMIT policy matters, including compliance with the obligation on market participants to disclose inside information. The group also advised the Agency on other EU regulations impacting energy trading and market functioning regulation on energy markets, including financial market regulation and finally, on the REMIT Regulation more broadly in order to develop proposals for any future review.​

​The group was composed of the following members (in alphabetical order):

• Ms Volinka Augustenborg

• Ms Camilla Berg

• Ms Christine Hillion

• Mr Karl-Peter Horstmann

• Mr Robert Jambrich

• Mr Pasi Kuokkanen

• Ms Giulia Migueles-Pereyra

• Mr Jethro van Hardeveld

• Mr Pablo Villaplana

• Mr Bernhard Walter

• Mr Mark Csete (observer for ENTSO-E)

• Ms Kathrine Stannov (observer for ENTSOG)​​

This group was active from 2015-2016 with the goal of advising the Agency and contributing to its work on issues related to energy commodity derivatives. 

• Mr Erik Korsvold

• Mr Darren Lampert

• Mr Rainer Landgraf

• Mr Vince McCallion

• Mr Iain McGowan

• Mr Gideon McLean

• Mr Riccardo Rossi

• Mr Jorge Simão

• Mr Simon Smith

• Mr Jaroslaw Ziębiec

ACER is committed to sharing knowledge and first-hand experience with relevant stakeholders and interested parties. 

​ACER communicates the relevant information via dedicated REMIT publications: ​

​First published in March 2015, the REMIT Quarterly is ACER's main channel of communication with stakeholders on REMIT-related matters. It primarily provides updates on ACER's activities, as well as guidance on the application of the REMIT framework and data reporting.

The REMIT Quarterly also reports any assessments of the operation and transparency of different categories of organised market places and ways of trading, in accordance with Article 7(3) of REMIT.

The REMIT Quarterly is published each quarter on ACER's REMIT Portal. ​

​In accordance with Article 7(3) of REMIT, ACER shall assess on an annual basis the operation and transparency of different categories of organised market places (OMPs) and ways of trading.

The REMIT Annual Report was discontinued in 2017. Ever since, ACER reports its transparency assessments through the REMIT Quarterly instead.​

Access ACE​R Q​​&As and explore the different sections:

• Background information on REMIT
• ACER's role
• REMIT Definitions
• Obligations and prohibitions for market participants
• Timeline of the implementation​

This group was active from 2012-2013 with the goal of providing expert support to the Agency during the development of guidance, recommendations and transparency rules in the implementation phase of the REM​​IT Regulation​. 

• ​​​Mr Amrik Bal, Shell Energy Europe Ltd, Regulatory Affairs Team, UK

• Ms Camilla Berg, Nord Pool Spot, Head of Legal Department & Market Surveillance, Norway

• Mr Mark Dalton, BG Group, European Regulation Manager, UK

• Mr Michel Gadaleta, JP Morgan, Executive Director, UK

• Dr. Karl-Peter Horstmann, RWE Supply & Trading, Head of Fundamental Legal & Regulatory Affairs, Germany

• Ms Daniela Nigro, Endesa SA, International Regulation, Spain

• Ms Marie-Louise Piil Christensen, DONG Energy, Compliance Officer, Denmark

• Mr Fabrizio Rinaldi, Edison Trading SpA, Director of Market Strategy & Derivatives, Italy

• Mr Jean-Michel Salagnac, EDF, Deputy Head of the Optimization Center, France

• Mr Barry Shackleton, ExxonMobil Gas & Power Marketing, European Regulatory Associate, UK

• Mr Alain Taccoen, RTE, Deputy Head of Regulation, France

• Mr Daniel Wragge, European Energy Exchange (EEX), Head Political Communication, Germany

This group was active from 2015-2017 with the goal of advising the Agency on issues relating to market participants' compliance with REMIT. The group was particularly focused on the disclosure of inside information, market abuse prohibitions, registration and transaction reporting obligations. ​

• ​Ms Camilla Berg

• Mr Karl-Peter Horstmann

• Ms Daniela Nigro

• Ms Marie-Louise Piil Christensen

• Mr Jean-Michel Salagnac

• Mr Filip Sleeuwagen

• Mr Daniel Smith

• Ms Sophie Tolley

• Mr Bernhard Walter

• Mr Daniel Wragge 

• Ms Christelle Coppens-Chalhoub (as observer for ENTSO-E) and

• Mr Davide Volzone (as observer for ENTSOG)