The number of investigations into potential breaches of the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) being investigated at the end of the third quarter of 2015 grew by one to 47, according to a document from the Agency for the Cooperation of Energy Regulators.
Three new cases were opened in Q3 related to potential REMIT breaches, but two were closed, the agency said.
Two cases have been prosecuted in recent times. In late 2015, Spanish authority the CNMC fined Iberdrola €25m for manipulating prices over three weeks from 30 November 2013.
Estonia’s competition authority fined transmission system operator Elering €10,000 for failing to inform the market in sufficient time that maintenance on the 650MW Estlink cable would take longer than expected.
A case forwarded by Danish regulator DERA to be prosecuted was closed as nothing untoward was found.

(THE ICIS HEREN REPORTS - EDEM 20006 / 11 January 2016).