Europex responds to Commission public consultation on “Implementation of Data and Transaction Reporting Framework for Wholesale Energy Markets”

Brussels, 7 December 2012 | We welcome the opportunity to take part in the Commission’s consultation. One of our major concerns is that the European Commission seems to be under the impression that Energy Exchanges can be considered as market participants under REMIT.

We do not agree with this interpretation, as it would clearly create a conflict of interest between the role and responsibility of Energy Exchanges as entities that bring together market participants’ buying and selling interests. Hence, it is of utmost importance that Energy Exchanges are considered to be organised market places under REMIT only and NOT as market participants. The notion of being a market participant would have considerable and unintended consequences for the status of Energy Exchanges.

Please find the whole consultation response attached.