The REMIT Regulation (EU Regulation 1227/2011 of 25 October 2011) requires market players to register with a national regulatory authority (NRA) before carrying out a transaction to be reported to ACER (see Article 9(4) of REMIT). On this basis, NRAs…
What is the definition of inside information (Article 2 REMIT)?
Privileged information” is : information of a precise nature that has not been made public, which concerns, directly or indirectly, one or more wholesale energy trading products which, if it were made public, would be likely to have a significant…
Data reporting under REMIT
Which contracts must be declared (Articles 3 and 4 Implementing Act)? The following contracts must be declared to ACER: (a) Contracts for wholesale energy products relating to the supply of electricity or natural gas with delivery within the Union: standard…
REMIT: Obligation to register before the collection of information
Article 9 concerns the registration of market participants: – Market participants entering into transactions for which a declaration to the Agency is mandatory (…) shall register with the national regulatory authority of the Member State in which they are established…
The REMIT Regulation and its implementation
REMIT has been in effect since December 2011 and allows to: – Specifically define the concept of inside information for energy markets, particularly in relation to the physical characteristics of supply and demand. The players in market must publish the…
Energy distribution networks in EU: different scales, different sets of actors
The energy objectives set at the national level and broken down by territory, notably through the voluntary initiatives of local authorities and local documents such as the SRCAE and the PCET, lead to a necessary reflection on the organisation of…
The trade of gas and power
The global natural gas market The world’s largest consumers of natural gas are the United States (778 billion m3/year), Russia and China. Europe consumed around 502 billion m3/year (or 4,928 TWh/year) of natural gas in 2016, a 9.8% increase compared…
What are the objectives of the Grenelle de l’Environnement?
It was in 2007, at the initiative of President Nicolas Sarkozy, that the first Grenelle de l’Environnement was held. The objectives of these political meetings were to raise general awareness of the need to launch actions to protect the environment,…
How important is biodiversity in the world?
To better understand the usefulness of biodiversity on the planet, we can start by defining this term because it is recurrent when we talk about environmental protection, ecology and sustainable development. Biodiversity refers to all the living species on our…
How can we avoid global warming on a daily basis?
The fight against global warming is not only a matter for governments and companies. Indeed, it is essential that everyone contributes their part by reducing their energy consumption, avoiding waste and adopting an attitude that goes towards protecting the environment…