Regulation on Wholesale Energy Market Integrity and Transparency (REMIT)

REMIT came into force October 25^th, 2011 and is a regulatory framework within the European Union aimed at ensuring the integrity and transparency of wholesale energy markets. Enforced by the European Agency for the Cooperation of Energy Regulators (ACER) and national regulatory authorities (NRAs), REMIT strives to maintain fair competition and prevent market abuse in the trading of electricity and natural gas.

At its core, REMIT ensures transparency by mandating market participants to disclose pertinent information regarding their trading activities to designated authorities. By providing regulators with comprehensive data, REMIT facilitates effective market monitoring, enabling timely detection and deterrence of any potential instances of market abuse.

By preventing market abuse and ensuring transparency, the regulation aims to create an environment conducive to healthy competition, where market participants can operate with confidence and interests of companies and consumers are protected.

Anyone can notify regarding suspicious behaviour under REMIT through the Notification Platform.

Agency for the Cooperation of Energy Regulators (ACER)

ACER was established in March 2011 by the Third Energy Package legislation as an independent body to foster the integration and completion of the European Internal Energy Market for electricity and natural gas.

ACER’s overall purpose is to achieve a transition of the European energy system in line with the set political objectives, reaping benefits of increased energy market integration all across Europe, and securing low-carbon supply at the least possible cost for European businesses and citizens.

The Agency promotes:

• a more competitive, integrated market, offering consumers more choice,
• an efficient energy infrastructure and networks, enabling energy to move freely across borders, the integration of renewable sources, and therefore ensuring a higher degree of security of supply,
• a monitored and transparent energy market guaranteeing consumers fair prices and a limitation of market abusive behaviours.

Slovenian National Regulator Authority

The Energy Agency (AGEN) is responsible for regulating the Slovenian energy market and ensuring compliance with EU directives and regulations.

The Energy Agency is a member of the Agency for the Cooperation of Energy Regulators (ACER), which is composed of permanent staff and experts seconded by national regulatory authorities for energy. Its regulatory activities are overseen by a Board of Regulators, composed of senior representatives the national regulatory authorities for energy of the 28 Member States.