Overview

This briefing takes a look at the significant forthcoming changes to wholesale energy markets, encompassing both commodity and derivative markets. The EU recently adopted new legislation that will affect Market Participants (ie any persons, including transmission system operators, who enter into transactions, including the placing of orders to trade, in one or more of the WEM). In the briefing, Eversheds provide commentary on the following areas:

• the aims of REMIT;


• the rationale behind REMIT;


• process of governing bodies;


• requirements of market participants in WEMs; and


• implementation timings.

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