A consultation on MiFID ended last night, and commodity traders will be interested to see what, if any, changes might come out of the proposal technical standards. Energy traders are worried the tests to gain an exemption from MiFID are too low as proposed (read more here). A representative from industry group EFET said almost […]
Energy Connections
ESMA publishes MiFID hearing video
The European Securities and Markets Authority (ESMA) has published the video of its MiFID hearing that took place in Paris on Thursday 19 February. I was at the meeting and will write a post later on my thoughts, but in the meantime you can read two stories that have sprung from the meeting already: MiFID […]
UK competition inquiry: a regulator’s last stand?
This is a guest post by the editor of ICIS’s European Daily Electricity Markets, Jamie Stewart. The UK wholesale energy markets were given a clean bill of health on Wednesday, when the initial findings of a major competition inquiry were published here. The report, which clearly indicates the probe’s future direction, picked on aspects of […]
ACER launches updated REMIT Q&A
ACER published a third version of its REMIT Q&A on Wednesday evening. It is an easy-read guide on the who, what, when, where of REMIT. You can find the Q&A here. The ACER portal has a lot of useful info and documents on REMIT generally. One date to look out for is 17 March when […]
ACER’s need for bodies through the door
The Agency for the Cooperation of Energy Regulators – ACER – has not being shy of stating its need for extra funding so it can properly monitor energy markets and other responsibilities it will assume under REMIT. The Ljubljana-based agency has laid out what it needs in its 2015 work programme – 15 new staff. […]
VAT fraud in energy markets
Ten power and gas organisations have sounded the warning bell over fraud in EU energy markets. No case of fraud in the power and gas markets yet, but some interesting examples exist in Germany. Read this article for more.
Provisional list for REMIT trading venues published
ACER has released the provisional list of organised trading venues for REMIT. Any trades agreed through one of these platforms will needed to be reported from the first phase of trade reporting under REMIT. The agency is running a consultation until December, so changes to the list are possible.
EFET looks to increase ACER powers
The European Federation of Energy Traders – EFET – has come down relatively hard on TSOs and their representative bodies in a position paper sent to the incoming European Commission. The traders’ association wants to strengthen the role of Agency for the Cooperation of Energy Regulators (ACER) in the process of hammering EU policy, while reforming […]
REMIT webinar coming
I’ll be hosting a webinar on the practical application of REMIT next week. I’ll have Aviv Handler of consultancy ETR Advisory and Gordon Downie of law firm Sheppherd and Wedderburn. Follow this link to sign up. Here is the blurb: Established energy market intelligence provider, ICIS, has announced a free webinar which will take place […]
Holiday cover
I’m off on some holidays for the next two weeks. But do keep checking for updates, as my colleagues have promised to write some posts. F
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