The ‘Regulation (EU) 1227/2011 on Wholesale Energy Market Integrity and Transparency’ (REMIT) is a law that came into force in the EU in 2011 with direct legal effect for EU member states. The aim of REMIT is to increase the transparency and stability of the European energy markets. In particular, insider trading and market manipulation are to be combated and prevented, respectively.
This is done by the targeted publication of all market-relevant information. According to REMIT, information must always be published if the information has an impact on the composition and level of market prices for energy trading products.
For a TSO, this results in a wide range of publication requirements. For the offshore sector, REMIT stipulates publication requirements with regard to the restriction of transmission capacities during the construction, maintenance and servicing of grid connection systems.