III.7.21.

I received a live balancing reserve  activation from the TSO for my power plant, can I use this information to  trade on wholesale energy products, or even sell this information to other  interested market participants?

Answer: In a situation where asset owners receive live balancing reserve activations from a TSO before the details of these activations are made public to the market, and where the intraday market is still open, these asset owners should abstain from using the information they received to trade in wholesale energy products until this information is made public, as this could amount to inside trading prohibition of Article 3(1)(a) of REMIT . The details of the activation of balancing bids give asset owners valuable information regarding the direction of the system’s imbalance, and might therefore constitute inside information according to Article 2(1) of REMIT. The asset owners should also refrain from disclosing or selling the information they received from the TSO to other market participants – this behaviour could amount to an unlawful disclosure prohibited by Article 3(1)(b) of REMIT.