REMIT | Regulation of Energy Market Integrity and Transparency

Legal Basis

REGULATION (EU) No 1227/2011 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 October 2011

on wholesale energy market integrity and transparency

~ REMIT – Regulation of Energy Market Integrity and Transparency ~

It is important to ensure that consumers and other market participants can have confidence in the integrity of electricity and gas markets, that prices set on wholesale energy markets reflect a fair and competitive interplay between supply and demand, and that no profits can be drawn from market abuse.
The goal of increased integrity and transparency of wholesale energy markets should be to foster open and fair competition in wholesale energy markets for the benefit of final consumers of energy.
REMIT - Regulation no 1227/2011
 Full text of Regulation here.
REMIT - Implementing Act - Regulation no 1348/2014
Full text of Regulation here.

EEU | Energy Excellence with Us - REMIT Report 2017

The European Parliament and the Council of European Union adopted on 25 October 2011 the Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency, so called REMIT. REMIT stands for Regulation of Energy Market Integrity and Transparency. In 2014, the European Commission having regard to the Treaty on the Functioning of the European Union, to the Regulation (EU) No 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency (REMIT), and in particular Article 8(2) and Article 8(6) from REMIT, adopted the implementing Regulation (EU) No 1348/2014 on data reporting implementing Article 8(2) and Article 8(6) of REMIT.

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