About REMIT The Regulation on Energy Market Integrity and Transparency (REMIT), enacted in 2011, is a key EU policy ensuring fair, transparent, and competitive wholesale electricity and gas markets. It prevents market manipulation by mandating transaction reporting, setting price monitoring frameworks, and enabling regulators to investigate and sanction violations such as insider trading. A revised REMIT took effect from 7 May 2024, introducing new measures to better protect the EU citizens and businesses from energy market abuse.JRC's scientific and quantitative research contributes to data-driven EU energy policies. © naufalmq, Fotolia What is the JRC Doing? The Joint Research Centre (JRC) of the European Commission plays a critical role in supporting REMIT through scientific and quantitative research. Assessing data quality to enable informed policy decisionsThe JRC develops methodologies to assess data quality, ensuring the reliability of information that market participants are obliged to report. By analysing the reported data, the JRC identifies gaps, inconsistencies, and potential biases, providing recommendations to strengthen reporting standards. This work is vital for enabling regulators to make informed decisions and detect anomalies effectively. Evaluating the impact of the exemptions to reporting obligationsAnother critical contribution lies in the analysis of reporting obligation exemptions. The JRC conducts quantitative studies to determine thresholds for exemptions, such as small-volume transactions, ensuring that exemptions do not undermine market transparency. Through data modelling and stakeholder consultations, the JRC evaluates the economic and regulatory impacts of proposed exemptions, balancing the need for compliance with the practical challenges faced by market participants. These efforts directly inform the European Commission’s policy recommendations and legislative updates under REMIT. Adopting a data-driven approach to identify manipulative behavioursIn energy price monitoring, the JRC employs advanced statistical models and machine learning techniques to detect price anomalies that may indicate manipulative behaviours. These tools help ACER and national regulators flag suspicious patterns for further investigation. Additionally, the JRC analyses market metrics—such as the Herfindahl-Hirschman Index (HHI) of concentration—to assess the dominance of market players and evaluate the risk of anti-competitive behaviour. By establishing empirical thresholds for market concentration, the JRC contributes to evidence-based policy adjustments aimed at preserving competitive market dynamics. Stakeholders involved The JRC collaborates with a range of stakeholders to advance REMIT’s objectives, including the Agency for the Cooperation of Energy Regulators (ACER), universities, national regulatory authorities (NRAs), and the European Commission’s Directorate-General for Energy (DG ENER). Industry stakeholders, such as energy traders, generators, and consumer organizations, also contribute to JRC studies through consultations. This multi-stakeholder approach ensures that research remains aligned with real-world market conditions and regulatory needs while being policy oriented and independent. Reports and publicationsActivities of the JRC on the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT)Report available on PubsyEU Regulation wholesale energy market integrity and transparencyAvailable legislation on EUR-Lex Past events 40th European Electricity Regulatory ForumThe annual European Electricity Regulatory Forum was set up on the initiative of the Commission in 1998 to discuss the creation of the internal electricity market.39th European Gas Regulatory ForumAlso known as the Madrid Forum, the Forum gathers key stakeholders across the European energy sector. Sub-projects Ongoing sub-projects under the JRC’s Directorate for Energy, Mobility & Climate and the Energy Security, Distribution & Markets Unit therein include:A project enhancing REMIT data quality and analysis through AI-driven tools for real-time market monitoring.A collaboration to improve cross-border data harmonization and reporting efficiency.An evaluation of a suitable reporting threshold according to REMIT 2.0.Upcoming events and sub-projects will be highlighted as they are finalized. Related links For further information on REMIT and EU energy policy, visit: European Commission on Energy Market GovernanceACER website - about REMIT
The Regulation on Energy Market Integrity and Transparency (REMIT), enacted in 2011, is a key EU policy ensuring fair, transparent, and competitive wholesale electricity and gas markets. It prevents market manipulation by mandating transaction reporting, setting price monitoring frameworks, and enabling regulators to investigate and sanction violations such as insider trading. A revised REMIT took effect from 7 May 2024, introducing new measures to better protect the EU citizens and businesses from energy market abuse.JRC's scientific and quantitative research contributes to data-driven EU energy policies. © naufalmq, Fotolia
The Joint Research Centre (JRC) of the European Commission plays a critical role in supporting REMIT through scientific and quantitative research.
Assessing data quality to enable informed policy decisionsThe JRC develops methodologies to assess data quality, ensuring the reliability of information that market participants are obliged to report. By analysing the reported data, the JRC identifies gaps, inconsistencies, and potential biases, providing recommendations to strengthen reporting standards. This work is vital for enabling regulators to make informed decisions and detect anomalies effectively.
Evaluating the impact of the exemptions to reporting obligationsAnother critical contribution lies in the analysis of reporting obligation exemptions. The JRC conducts quantitative studies to determine thresholds for exemptions, such as small-volume transactions, ensuring that exemptions do not undermine market transparency. Through data modelling and stakeholder consultations, the JRC evaluates the economic and regulatory impacts of proposed exemptions, balancing the need for compliance with the practical challenges faced by market participants. These efforts directly inform the European Commission’s policy recommendations and legislative updates under REMIT.
Adopting a data-driven approach to identify manipulative behavioursIn energy price monitoring, the JRC employs advanced statistical models and machine learning techniques to detect price anomalies that may indicate manipulative behaviours. These tools help ACER and national regulators flag suspicious patterns for further investigation. Additionally, the JRC analyses market metrics—such as the Herfindahl-Hirschman Index (HHI) of concentration—to assess the dominance of market players and evaluate the risk of anti-competitive behaviour. By establishing empirical thresholds for market concentration, the JRC contributes to evidence-based policy adjustments aimed at preserving competitive market dynamics.
The JRC collaborates with a range of stakeholders to advance REMIT’s objectives, including the Agency for the Cooperation of Energy Regulators (ACER), universities, national regulatory authorities (NRAs), and the European Commission’s Directorate-General for Energy (DG ENER). Industry stakeholders, such as energy traders, generators, and consumer organizations, also contribute to JRC studies through consultations. This multi-stakeholder approach ensures that research remains aligned with real-world market conditions and regulatory needs while being policy oriented and independent.
Activities of the JRC on the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT)Report available on Pubsy
40th European Electricity Regulatory ForumThe annual European Electricity Regulatory Forum was set up on the initiative of the Commission in 1998 to discuss the creation of the internal electricity market.
39th European Gas Regulatory ForumAlso known as the Madrid Forum, the Forum gathers key stakeholders across the European energy sector.
