Monthly Archives: August 2014

REMIT Draft Implementing Acts Further Define Data Reporting Obligations

By Doron Ezickson and Adam Topping On 8 July 2014, the European Commission’s DG Energy published an updated draft of the implementing acts on data reporting under the Regulation on Wholesale Energy Market Integrity and Transparency (“REMIT”). This document sets out the … Continue reading

Posted in Commodity Trading, Oil & Gas, Power, Regulation, REMIT

Recent UK Proposals Emphasise Importance of REMIT Compliance for Energy Firms

By Doron Ezickson and Adam Topping Two recent actions demonstrate the United Kingdom’s (“UK”) continuing commitment to enforcing the European energy laws and the need for vigorous compliance efforts by market participants. Last month, the Office of Gas and Electricity Markets (“Ofgem”) … Continue reading

Posted in Commodity Trading, Enforcement and Investigations, Oil & Gas, Power, Regulation, REMIT

Gloves Are Off: FERC Issues Public Notice of Alleged Violations in Powhatan Investigation

By Gregory Lawrence, Terence Healey and Christopher Polito On August 5, 2014, the Federal Energy Regulatory Commission (“FERC”) issued a public Staff Notice of Alleged Violations (“NAV”) regarding alleged manipulative Up To Congestion trading by Powhatan Energy Fund (Powhatan) in the PJM energy … Continue reading

Posted in Enforcement and Investigations, FERC, Oil & Gas, Power