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REMIT Regulation: Opinion of the European Data Protection Supervisor

The European Data Protection Supervisor (EPDS) adopted on 21 June 2011 an Opinion on the proposal for a Regulation of the European Parliament and of the Council on energy market integrity and transparency (so-called REMIT Regulation). The Opinion has been today published in the Official Journal of the EU (OJ C 279 of 23.09.2011, p.20). The proposal for REMIT regulation has been adopted in first reading by the European Parliament on 14 September and is now awaiting for the clearing of the Council (see previous post HERE).

One can regret the late publication of this Opinion, as sensitive information for companies may be subject to reporting requirements. Indeed, the EPDS underlines the fact that he was not originally consulted although he must have been pursuant to Article 28.2 of Regulation (EC) 45/2001. He was consequently acting on his own initiative by adopting this Opinion, due to "the significant potential impact of the Proposal on the right to privacy and the protection of personal data" (para. 2).

The Opinion, which will be commented on this blog, is available HERE.

See also recent quotations of the author of this blog on the effects of the REMIT Regulation on the energy markets in the article by Montel "Anti-market abuse rules in place by December" (HERE)