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NEURC improved requirements for disclosure of inside information

NEURC improved requirements for disclosure of inside information

06.12.2024 06:45

Now the requirements are more in line with the REMIT regulations. On December 04, 2024, the National Energy and Utilities Regulatory Commission (NEURC) adopted a resolution "On Approval of Amendments to the Requirements for Ensuring Integrity and Transparency in the Wholesale Energy Market". This was reported by the Regulator's press service.

It is noted that the new changes provide for:
- establishing an exemplary (non-exhaustive) list of inside information;
- clarifying the capacity of power units subject to inside information disclosure requirements;
- clarifying the grounds for exemption from disclosure of inside information;
- establishing requirements for the method of notification of exemption from disclosure of inside information;
- identifying factors to assess the possibility of a significant impact on energy prices.
For reference: REMIT (Regulation on Wholesale Energy Market Integrity and Transparency) is a set of European rules and practices aimed at preventing abuse in wholesale energy markets and providing for liability for manipulation of wholesale energy market participants.
On June 10, 2023, the Verkhovna Rada of Ukraine adopted the Law of Ukraine "On Amendments to Certain Laws of Ukraine on Prevention of Abuse in Wholesale Energy Markets".
The Law implements EU Regulation No. 1227/2011 on Wholesale Energy Market Integrity and Transparency (REMIT), a set of European rules and practices aimed at preventing abuse in the energy market, into national legislation.
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