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.
European energy market publictions
World’s population is growing fast and, with it, the consumption of energy and resources.
The European energy markets are changing continuously. The European Union is still in process of leveling the reluctant markets as some member states are still facing challenges when it comes to policy implementation.
Technology and energy, now more than ever, are interdependent and those who are not keeping up with the new changes will leave behind them a gap, making some parts of Europe vulnerable.
Our interest and the interest of European Union is to have a fair competition in wholesale energy markets.