Work in Parliament Draft report on the Union Protection Regulation against the Manipulation of the Wholesale Energy Market (REMIT)

Report: Wholesale Energy Market Integrity and Transparency (REMIT) | 15-05-2023

MEP, Maria da Graça Carvalho, is the lead rapporteur of the Union Protection Regulation against the Manipulation of the Wholesale Energy Market (REMIT) and was guided by three main principles as guidline: 

Legal Coherence and Transparency, a Strengthened European Dimension and a Reinforced Market. To each of these principles corresponds a specific set of actions. Legal Coherence and Transparency shall be enabled by more clarity in the Regulation and a better alignment with other pieces of EU legislation. A Strengthened European Dimension is pursued through the reinforced scope of ACER’s actions and its cooperation with national regulators. Finally, measures aimed at removing red tape, unnecessary barriers and redundant reporting contribute to a Reinforced Market.

Click on the PDF attached below to read the draft report on the proposal for a regulation of the European Parliament and of the Council on Amending Regulations (EU) No 1227/2011 and (EU) 2019/942 to improve the Union’s protection against market manipulation in the wholesale energy market 

COM(2023)0147 – C9-0050/2023 – 2023/0076(COD))

 

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