01 Jan 2001, Energy Risk glossary , Energy Risk
The process of examining the activities of an institution in order to look for possibilities of attempted or actual market manipulation and abuse. Surveillance can be carried out internally or externally. Rules such as the Market Abuse Directive (MAD) and the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) prohibit market manipulation. Different parties are responsible for carrying out surveillance in different ways, usually through the use of dedicated systems and analytics.
* see also Agency for the Cooperation of European Energy Regulators (ACER); Market Abuse Directive (MAD), MAD II and Market Abuse Regulation (MAR); Regulation on Wholesale Energy Market Integrity and Transparency (REMIT)
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