Enhancing Awareness of REMIT Rules and Compliance for Energy Traders
Nivel 3
04 june 2025
The course is held in English
Energy markets play a critical role in the European economy and to ensure these markets function fairly and transparently, they must be shielded from market abuses such as insider trading and market manipulation. To prevent such behaviour, the European Union enacted REMIT, the Regulation on wholesale Energy Market Integrity and Transparency, well over a decade ago, with relatively recent extension thereof to also the Contracting Parties of the Energy Community.
Understanding this market integrity framework is of paramount importance for energy traders, who are on the frontline of market activity; their actions directly impact market integrity; lack of awareness can lead to unintentional breaches, reputational damage, and financial penalties. It is important to highlight that REMIT compliance is not just a legal requirement—it is a fundamental pillar of ethical and professional responsibility.
As the original REMIT regulation has been in force for several years, many energy professionals stand to benefit from refreshing their understanding of its implications, as well as expanding their horizons in view of recent changes, such as REMIT II. While the most common challenges remain understanding of what constitutes inside information, distinguishing between legitimate strategies and market manipulation, and the timing and manner of reporting information, a non-negligible aspect is far too often underestimating the role of compliance in day-to-day trading. Yet failure to comply with REMIT can lead to serious consequences, starting with market surveillance requests and investigations from regulatory authorities, potentially culminating in heavy fines and penalties as well as damage to corporate reputation and erosion of trust with key stakeholders.
As regulatory scrutiny intensifies and the integrity of energy markets becomes increasingly critical, it is essential for market participants to stay informed and compliant with REMIT obligations and most recent developments. In this context, the course „Enhancing Awareness of REMIT Rules and Compliance for Energy Traders” aims to ensure professionals in the energy trading sector have a sound basis in the essential principles as well as an understanding of best practice approaches to designing their day-to-day compliance
1. The REMIT Framework: A Brief History
Market abuse prevention and ensuring market integrity in European energy markets has over a decade of developments, from the first implementation steps to the recent enhancement through REMIT II. The introductory segment sets things into the broader context.
2. Transparency and Integrity: Essential Concepts
Energy markets functioning depends on accurate price signals, which depend on transparency of information and integrity in market behaviour. The second segment goes through the essential pillars of REMIT – reporting of transactions and preventing of market abuse (inc. insider information and market manipulation).
3. Building Trust, Preventing Abuse: Compliance in Practice
Functioning markets depend on participants’ trust in the market; functioning compliance in practice depends on trust between traders and compliance. The third segment covers various approaches that can be used by market participants when designing or enhancing their compliance frameworks.
4. Ensuring Integrity: Summary of Key Principles
Designing and implementing successful compliance and prevention of market abuse depends on delivery of complex and nuanced understandings in clear and operationally functional ways. The fourth segment attempts to do the same for the content of the course.
5. Questions and Answers
Open for course participant questions and answers, and content-related discussion. In case of no questions, a practical case could be worked through together.
The cost of the course
-
2500 lei/person;
For AFEER members:
-
250 lei/person