Enforcement decisions

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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:

Decisi​​on date

NRA, Member State

Market Participant

Type of REMIT breach

Fine

Status

Sou​rce

25 March 

​2020​

Ofgem (UK)​

InterGen (UK) Ltd,
Coryton Energy Company Ltd, 
Rocksavage Power Company Ltd, 
Spalding Energy Company Ltd

​Article 5

​£37,291,000 

(approx. EUR 42.5 million)*

​Final

​Li​nk​​

03 January ​

2020

​VERT (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)​​

Under appeal​

​Lin​k​

September 

2019​

MEKH (HU)

MA​VIR Magyar Villamosenergia-ipari Átviteli Rendszerirányító Zártkörűen Működő Részvénytársaság​

Article 5

HUF 1,000,000 (approx. EUR 3,000)​

Final​

Link

 05 Sept​ember 2019

OFGEM (UK)

Engie Global Markets ​

Article 5​

£ 2,128,236.00

(approx. EUR 2,393,427.80)​

Final​

Link

20 February 2019

BNetzA (DE)

Uniper Global Commodities SE +
Two traders

Article 5

      EUR 150,000 and fines of EUR 1,500 and EUR 2,000 for each trader respectively.

Final

Link

21 December 2018

Prosecutor/DUR (DK)

Neas Energy A/S

Article 5

153,000 DKK

(approx. EUR 20,400)*

Final

Link

28 November 2018

CNMC (ES)

Multienergía Verde, S.L.U.

Article 5

EUR 120,000

Under appeal

Link

28 November 2018

CNMC (ES)

Galp Gas Natural, S.A.

Article 5

EUR 80,000

Final

Link

30 October 

2018

Prosecutor/DUR (DK)

Energi Danmark A/S

Article 5

         DKK 1,104,000 (approx. EUR 147,000)*

Final

Link​​

05 October 

​2018

CRE (FR)

VITOL S.A.

Article 5

EUR 5,000,000

Under appeal

Lin​k

24 November 2015

CNMC (ES)

Iberdrola Generación S.A.U.

Article 5

EUR 25,000,000

Under appeal

Link

 

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.​​​