Energy trading - REMIT - Integrity and transparency in wholesale energy markets

Just published: "Integrity and transparency in the EU wholesale electricity market - New rules for a better functioning market?", by R. Feltkamp and C. Musialsky (full text / extract of working paper)
We first address the general scope of application of the REMIT to determine the range of business activities in the electricity sector that are impacted by the REMIT ('Part one').

We then look more closely into the provisions regarding market behaviour and integrity. After some introductory considerations on the concept of manipulative behaviour, we examine the approach of the REMIT in this respect ('Part two'). We examine the provisions on insider trading and market manipulation.

In a following section we examine how the REMIT addresses transparency in traded wholesale electricity markets ('Part three').

In a last section we draw our conclusions in respect of the regime implemented by the REMIT.