Consultation and decision on our proposed REMIT penalties statement and procedural guidelines
Consultation
- Upcoming
- Open
- Closed (awaiting decision)
- Closed (with decision)
- Publication date
- Closing date
- Industry sector
- Generation and Wholesale Market
- Decision
The EU ‘REMIT’ Regulation prohibits insider trading and market manipulation in wholesale energy markets and imposes obligations on market participants and other organisations involved with wholesale energy markets. OFGEM has powers to enforce REMIT and published consultation papers in June setting out our proposed approach to using these powers. The decision letter sets out our response to the main issues raised by those responding to the consultation. Also attached on the decision page are final copies of our procedural guidelines and penalties statement, and copies of the consultation responses received.
Respond name
Andy MacFaul