Projects, energy and natural resources | 13 June 2016

More than four years after its inception, the EU’s Regulation on Energy Market Integrity and Transparency No 1227/2011 (REMIT) is finally getting onto the radar of compliance departments. The first fines for non-compliance have recently been handed out by regulators, and on 7 April 2016 the second phase of REMIT’s data collection and reporting requirements came into force, extending the scope of information that needs to be reported to the regulators by those engaged in wholesale energy trading and by owners and operators of certain energy facilities. [Continue Reading]