CEER Note on Accepted Market Practices in the Energy Sector
On Tuesday 16 April, CEER published a public note on "accepted market practices" (AMP) in the energy sector. The Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) has established a robust legal framework to deal with market abuses in the wholesale energy sector. The regulation alludes to the notion of AMPs and allows market participants to claim that a certain type of behaviour is legitimate and that that transaction or order to trade conforms to accepted market practices on the wholesale energy market concerned.
Contrary to the financial sector, no AMPs are applicable in the energy sector. This is the finding of a CEER questionnaire to National Regulatory Authorities (NRAs) of the EU and EEA Member States showing that NRAs have no national rules on establishing AMPs in the energy sector, have not established any AMP under REMIT and do not plan to do so.
Please read the public note here.