In the period from January until August 2022, ANRE issued 14 decisions fining 13 market participants a total of RON 6,391,316 (approx. EUR 1.3 million) for market manipulation on the Romanian wholesale electricity and gas markets.
In all decisions ANRE concluded that there was a breach of Article 5 of the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT). These took the form of either wash trades “A to B to A type” (13 decisions) or “layering” (1 decision).
All transactions were carried out in the centralised energy markets in Romania.
Since 2019, ANRE has issued 33 decisions affecting 23 market participants and involving a total of RON 14,991,316 in fines (approx. EUR 3 million) for market manipulation.
ACER welcomes ANRE’s decisions under REMIT and ANRE’s collaborative approach on REMIT cases.
Access ANRE’s press release (in Romanian language).
Read more about all market manipulation sanctions’ decisions under REMIT, the ACER REMIT Guidance, the ACER REMIT Guidance Note on Wash Trades and the ACER REMIT Guidance Note on Layering and Spoofing.
