© ICIS HEREN - Parliament adopts new rules on energy trading
The European Parliament adopted the EU Regulation on energy market integrity and transparency (REMIT) on Wednesday (14th September), with 616 votes in favour, 26 against and 24 abstentions.
Under the new rules, energy trading will now be monitored independently across the EU by the Agency for the Cooperation of Energy Regulators (ACER)
ACER will pass on data that indicate insider trading or market manipulation to national regulators, which will then be responsible for enforcing penalties.
REMIT will also create an EU registry listing all energy traders. Companies will have to register before being allowed to trade.
(THE ICIS HEREN REPORTS - EDEM 15176 / 14 September 2011)

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