Tougher UK Remit sanctions to be felt across EU

Two years’ jail for Remit breaches will “focus minds”, say lawyers

Royal Courts of Justice

The broad scope of UK government plans to impose criminal penalties for energy market manipulation – including prison terms of up to two years – mean they could potentially apply to a large proportion of trades across the European Union energy market, say lawyers.

The plans, which were released in a consultation by the Department of Energy & Climate Change (Decc) on August 6, toughen the sanctions imposed by the UK for breaches of the Regulation on Wholesale Energy Market Integrity and Transpare

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: