Blog News Events Publications Directory Community Industry Voices Media

REMIT fines announced in Germany

It has been announced by Bundesnetzagentur, the National Regulatory Authority of Germany, that two fines have been levied on market participants for breaches of REMIT Article 5. The announcement in English can be found here and in German here. Further information in German is available here.

The fines of 200,000 EUR and 175,000 EUR were levied for improper activity in the short term electricity market on three days in 2019. The market participants were accused of selling electricity in the intra day market with no intention of delivery where the intra day price was high and the balancing price lower. This caused imbalances in the market.

AdvertisingARANTYS
AdvertisingTrends in Commodity Risk