Overview of sanction decisions
REMIT prohibits market manipulation and insider trading in the wholesale energy markets, as well as imposing several obligations. Both can eventually lead to a sanction.
ACER strongly cooperates with the relevant NRAs to monitor the wholesale energy markets and effectively sanction REMIT breaches.
The table below gives an overview of decisions and sanctions of REMIT breaches:
|
Decision date
|
NRA, Member State |
Market Participant |
Type of REMIT breach |
Fine |
Status |
Source |
|---|---|---|---|---|---|---|
|
23 June 2022 |
CNMC (ES) | GASELA GMBH, SOLSTAR Limited | Article 5 | EUR 12,000,000 | Appeal Possible | Link |
| 2022 | ANRE (RO) | PREMIER ENERGY SRL | Article 5 | 500,000 RON (approx. 101,073 EUR)** | Under appeal | Link |
| 2022 | ANRE (RO) | TINMAR ENERGY S.A. | Article 5 | 500,000 RON (approx. 101,073 EUR)** | Under appeal | Link |
| 19 May 2022 | CRE (FR) | Engie SA | Article 3 | EUR 80,000 | Final | Link |
| 25 April 2022 | CRE (FR) | Electricité de France SA | Article 3 and Article 4 | EUR 500,000 | Appeal Possible | Link |
| 25 April 2022 | CRE (FR) | EDF Trading Limited | Article 5 | EUR 50,000 | Appeal Possible | Link |
| 2022 | ANRE (RO) | EFT FURNIZARE S.R.L. | Article 5 | 400,000 RON (approx. 80,954 EUR)** | Final | Link |
| 2022 | ANRE (RO) | WE POWER TEAM S.R.L. | Article 5 | 451,022 RON (approx. 91,272 EUR)** | Under appeal | Link |
| 2022 | ANRE (RO) | NOVA POWER & GAS S.R.L. | Article 5 | 400,000 RON (approx. 80,977 EUR)** | Final | Link |
| 2022 | ANRE (RO) | QMB ENERG S.R.L. | Article 5 | 400,000 RON (approx. 80,977 EUR)** | Final | Link |
| 2022 | ANRE (RO) | TRANSFORMER ENERGY SUPPLY S.R.L. | Article 5 | 400,000 RON (approx. 80,977 EUR)** | Final | Link |
| 2022 | ANRE (RO) | A ENERGY IND S.R.L. | Article 5 | 340,294 RON (approx. 68,893 EUR)** | Under appeal | Link |
| 2022 | ANRE (RO) | NEXT ENERGY PARTNERS S.R.L. | Article 5 | 200,000 RON (approx. 40,443 EUR)** | Final | Link |
| 2022 | ANRE (RO) | ENTREX SERVICES S.R.L. | Article 5 | 400,000 RON (approx. 80,842 EUR)** | Final | Link |
| 2022 | ANRE (RO) | ENERGIATAVERDE.RO FURNIZARE S.R.L. (fostă APURON ENERGY S.R.L.) | Article 5 | 400,000 RON (approx. 80,842 EUR)** | Final | Link |
| 2022 | ANRE (RO) | ALIVE CAPITAL S.R.L. | Article 5 | 400,000 RON (approx. 80,842 EUR)** | Final | Link |
| 2022 | ANRE (RO) | ALIVE CAPITAL S.R.L. | Article 5 | 800,000 RON (approx. 161,911 EUR)** | Final | Link |
| 2022 | ANRE (RO) | XPV S.A. | Article 5 | 800,000 RON (approx. 161,911 EUR)** | Final | Link |
| 2021 | ANRE (RO) | MONSSON TRADING S.R.L. | Article 5 | 400,000 RON (approx. 80,811 EUR)** | Final | Link |
| 2021 | ANRE (RO) | NEXT ENERGY PARTNERS S.R.L. | Article 5 | 400,000 RON (approx. 80,811 EUR)** | Final | Link |
| 2021 | ANRE (RO) | E.ON ENERGIE ROMÂNIA S.A. | Article 5 | 800,000 RON (approx. 161,740 EUR)** | Under appeal | Link |
| 2021 | ANRE (RO) | LJG GREEN SOURCE ENERGY BETA S.R.L. | Article 5 | 400,000 RON (approx. 80,870 EUR)** | Final | Link |
| 2021 | ANRE (RO) | LJG GREEN SOURCE ENERGY GAMMA S.R.L. | Article 5 | 400,000 RON (approx. 80,870 EUR)** | Final | Link |
| 2021 | ANRE (RO) | EFT FURNIZARE S.R.L. | Article 5 | 400,000 RON (approx. 80,870 EUR)** | Final | Link |
| 2021 | ANRE (RO) | A ENERGY IND S.R.L. | Article 5 | 800,000 RON (approx. 161,636 EUR)** | Final | Link |
| 30 September 2021 | BNetzA (DE) | Energi Danmark A/S | Article 5 | EUR 200,000 | Final | Link |
| 30 September 2021 | BNetzA (DE) | Optimax Energy GmgH | Article 5 | EUR 175,000 | Under appeal | Link |
| 2021 | ANRE (RO) | AXPO ENERGY ROMÂNIA S.A. | Article 5 | 400,000 RON (approx. 80,811 EUR)** | Final | Link |
| 2021 | ANRE (RO) | ELECTROMAGNETICA S.A. | Article 5 | 400,000 RON (approx. 80,811 EUR)** | Final | Link |
| 2021 | ANRE (RO) | AXPO ENERGY ROMÂNIA S.A. | Article 5 | 400,000 RON (approx. 80,811 EUR)** | Final | Link |
| 2021 | ANRE (RO) | ELECTROMAGNETICA S.A. | Article 5 | 400,000 RON (approx. 80,811 EUR)** | Final | Link |
| 24 August 2021 |
OFGEM (UK) |
ESB Independent Generation Trading Limited and Carrington Power Limited |
Article 5 | £ 6,000,000 (approx. EUR 7 million**)* | Final | Link |
| 2021 | ANRE (RO) | TRANSFORMER ENERGY SUPPLY S.R.L. | Article 5 | 400,000 RON (approx. 81,392 EUR)** | Final | Link |
| 25 February 2021 |
CNMC (ES) | Rock Trading World S.A. | Article 5 | EUR 60,000 | Appeal possible | Link |
| 16 December 2020 |
OFGEM (UK) | EDF Energy (Thermal Generation) Limited | Article 5 |
£ 6,000,000 (approx. EUR 6.7 million**)* |
Final | Link |
| 2020 | ANRE (RO) | ADERRO G.P. ENERGY S.R.L | Article 5 | 400,000 RON (approx. 83,295 EUR)** | Final | Link |
| 2020 | ANRE (RO) | NOVA POWER & GAS S.R.L. | Article 5 | 400,000 RON (approx. 83,295 EUR)** | Final | Link |
| 2020 | ANRE (RO) | QMB ENERG S.R.L. | Article 5 | 400,000 RON (approx. 83,295 EUR)** | Final | Link |
| 2020 | ANRE (RO) | E.ON ENERGIE ROMÂNIA S.A. | Article 5 | 500,000 RON (approx. 103,235 EUR)** | Under appeal | Link |
| 2020 | ANRE (RO) | E.ON GAZ FURNIZARE S.A. | Article 5 | 500,000 RON (approx. 103,235 EUR)** | Under appeal | Link |
|
25 March 2020 |
OFGEM (UK) |
InterGen (UK) Ltd, |
Article 5 |
£ 37,291,000 (approx. EUR 42.5 million**)* |
Final |
|
|
03 January 2020 |
NERC (LT) |
UAB Geros dujos |
Article 5 |
EUR 28,583 |
Final |
Link |
|
19 December 2019 |
CRE (FR) |
BP Gas Marketing Limited |
Article 5 |
EUR 1,000,000 |
Final |
Link |
|
December 2019 |
MEKH (HU) |
Valahia Gaz S.R.L. |
Article 5 |
HUF 30,000,000 (approx. EUR 90,000) |
Final |
|
| 2019 | ANRE (RO) | MET ROMÂNIA ENERGY S.A | Article 5 | 400,000 RON (approx. 84,191 EUR)** | Final | Link |
| 2019 | ANRE (RO) | PETOSOLAR S.R.L. | Article 5 | 400,000 RON (approx. 84,191 EUR)** | Final | Link |
|
September 2019 |
MEKH (HU) |
MAVIR Magyar Villamosenergia-ipari Átviteli Rendszerirányító Zártkörűen Működő Részvénytársaság |
Article 5 |
HUF 1,000,000 (approx. EUR 3,000) |
Final |
|
|
05 September 2019 |
OFGEM (UK) |
Engie Global Markets |
Article 5 |
£ 2,128,236.00 (approx. EUR 2,393,427.80**) |
Final |
|
|
20 February 2019 |
BNetzA (DE) |
Uniper Global Commodities SE + |
Article 5 |
EUR 150,000 and fines of EUR 1,500 and EUR 2,000 for each trader respectively. |
Final |
|
|
21 December 2018 |
Prosecutor/DUR (DK) |
Neas Energy A/S |
Article 5 |
DKK 153,000 (approx. EUR 20,400)* |
Final |
|
|
28 November 2018 |
CNMC (ES) |
Multienergía Verde, S.L.U. |
Article 5 |
EUR 120,000 |
Under appeal |
|
|
28 November 2018 |
CNMC (ES) |
Galp Gas Natural, S.A. |
Article 5 |
EUR 80,000 |
Final |
|
|
30 October 2018 |
Prosecutor/DUR (DK) |
Energi Danmark A/S |
Article 5 |
DKK 1,104,000 (approx. EUR 147,000)* |
Final |
|
|
05 October 2018 |
CRE (FR) |
VITOL S.A. |
Article 5 |
EUR 5,000,000 |
Final |
|
|
24 November 2015 |
CNMC (ES) |
Iberdrola Generación S.A.U. |
Article 5 |
EUR 25,000,000 |
Under appeal |
Note: Article 18 of REMIT establishes that the rules on penalties for breaches of Article 3 and 5 of REMIT are established by the Member States. The implementation regime is therefore different across Member States and some breaches of REMIT may be sanctioned under national provisions. Please consult the sources for the status of the proceedings and more information on the Decisions.
* This amount includes both the (i) fine and (ii) confiscated profit.
** The fines expressed in other currency than EURO are converted in EURO using the ECB exchange rate on the day of the Decision.