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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| 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 |
|
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 |
Appeal possible |
Link |
|
December 2019 |
MEKH (HU) |
Valahia Gaz S.R.L. |
Article 5 |
HUF 30,000,000 (approx. EUR 90,000) |
Final |
|
|
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.