Application of Anti-manipulation Law to EU Wholesale Energy Markets and Its Interplay with EU Competition Law is the first book that specifically focuses on the legal framework established by Regulation on Wholesale Energy Markets Integrity and Transparency (REMIT). In the course of energy liberalisation, electricity and natural gas contracts have been separated from physical delivery, and these contracts are now traded as commodities in multilateral trading facilities. Although designed to render energy trading standardised and efficient, this system raises serious questions as to whether existing regulatory and antitrust provisions are sufficient to address market abuses that cause imbalances in demand and supply. The European Union’s (EU’s) REMIT, adopted to combat such market manipulation, is still lacking in significant case law to bolster its effectiveness. The extensive legal analysis that the book incorporates is fundamental in exploring the implications of anti-manipulation rules in EU wholesale energy markets.
What’s in this book:
Focusing on practices that perpetrators employ to manipulate electricity and natural gas markets, the analysis examines such issues and topics as the following:
How this will help you:
As the development of a single, coherent rulebook that can be relied upon by market participant is fundamental for the functioning of EU wholesale energy markets, this book provides proposals and measures that can mitigate and resolve the legal uncertainties regarding the regulatory framework that REMIT established. Energy market participants, such as energy producers, wholesale suppliers, traders, transmission system operators and their counsel, and legal practitioners in the field will welcome this book’s extensive legal analysis and its clear demarcation of the objectives that REMIT seeks to accomplish with respect to energy market liberalisation.
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