The European Commission will put forward on 8 December a proposal for regulation on energy market integrity and transparency . The purpose of the regulation will be to increase transparency on wholesale energy markets and prevent the occurence of market abuse in the form of insider trading and market manipulation . This will entail the adoption of harmonisation measures in the form of standards and oversight mechanisms . According to the European Commission, the adoption of a new regulation is justified because ' important segments of wholesale energy markets are not covered by clear rules prohibiting market abuse that makes prices higher than they should be .' The Commission takes as overall objective to increase transparency on the wholesale electricity and gas markets for the benefits of competition and of final customers , which will in particular benefit from more transparent retail price fixing mechanisms . This has become a relevant issue for the Commission as markets...
This blog is meant as a personal notebook on recent legal developments in the sector of sustainable energy.