Publishing inside information under REMIT Article 4

Details

Market participants are required under Article 4 of the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) to publish inside information in an effective and timely manner.

We have identified concerns with the use of fixed thresholds, in particular a 100MW threshold, when determining whether outage and availability information constitutes inside information. Threshold-based approaches may fail to take account of prevailing market conditions, the cumulative impact of multiple smaller outages, or the aggregation of information held by individual market participants.

This document sets out our position on the use of thresholds, highlights problematic practices observed in the British power market, and clarifies expectations for all market participants, including Offshore Transmission Owners (OFTOs). Market participants are encouraged to review and update their internal procedures to ensure compliance with REMIT Article 4.