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7 Apr

GREEN SA welcomes European Union’s Regulation on Wholesale Energy Market Integrity and Transparency

GREEN SA welcomes European Union’s  Regulation on Wholesale Energy Market Integrity and Transparency

GREEN SA welcomes European Union’s “Regulation on Wholesale Energy Market Integrity and Transparency” (REMIT) which promotes market integrity and which requires the publication of inside information to all market participants simultaneously and in an effective and timely manner.

GREEN SA has drawn up processes of reporting details of transactions and orders in relation to wholesale energy products, including the price, quantity, date, time of trades and informing the Agency for the Cooperation of Energy Regulators (ACER) for the purpose of compliance.

GREEN SA   has appropriate systems and controls in place to ensure that the submitted transaction reports are complete, accurate and in accordance with Article 8(1) of REMIT.

Inquiries regarding Green’s compliance with market regulations may be addressed to:

remit@gre-en.gr

Important dates of entry into force of the REMIT reporting obligation:

7 October 2015 - reportable wholesale energy supply and derivatives contracts executed at organized marketplaces and for ENTSO-E and ENTSOG fundamental data

7 April 2016 - other reportable wholesale energy market contracts (OTC standard and non-standard supply and derivatives contracts, transportation contracts) and for additional fundamental data

REMIT Implementing Regulation No 1348/2014 date of entry into force - 7 January 2015

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