Fsr Energy & Climate

In this podcast, Rosaria Arancio of Macchi di Cellere Gangemi discusses the implementation of REMIT in Italy. REMIT is the EU Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) (Regulation No. 1227/2011), overseen by ACER and National Regulatory Authorities, which aims to establish common rules, at European level, to prevent abusive practices in wholesale energy markets. It defines abusive practices in terms of market manipulation and insider trading, prohibits abusive practices in the wholesale electricity and gas markets, applies a monitoring system of the European energy markets, and gives National Regulatory Authorities powers to enforce rules, investigate and sanction misconducts. This podcast considers how the Italian regulatory authority AEEGSI has applied REMIT to Italy, including looking at recent cases where the criteria of REMIT was put into effect.