Position PaperFinancial Markets & Market Supervision

Joint position paper on REMIT II Trialogues

European Union19-09-2023European Union

The Joint Energy Associations Group (JEAG) welcomes that the EU Commission (“EC”) has tabled its legislative proposal for a review of REMIT (Regulation on Wholesale Energy Market Integrity and Transparency – “REMIT II”) as REMIT has contributed to an improvement in the integrity and transparency of EU wholesale energy markets. This reform should ensure that any changes are clear and implementable without causing disproportionate costs, while enhancing transparent and wellfunctioning energy markets. This paper summarises our views on the changes proposed by the Council and EU Parliament (“EP”) to REMIT II.

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