Improving the Union’s protection against market manipulation on the wholesale energy market
TA-9-2024-0116 · P9_TA(2024)0116 · PE747.031
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Parliament's position at first reading on a regulation amending Regulations (EU) No 1227/2011 and (EU) 2019/942 to strengthen protection against market manipulation in the wholesale energy market.¶¶ The amended rules cover the definition of inside information, the ban on market manipulation and attempted manipulation, and the powers of the Agency for the Cooperation of Energy Regulators (ACER). Parliament adopted its position at first reading; the text corresponds to the final act, Regulation (EU) 2024/1106.¶¶
Key points
- Parliament adopts its position at first reading on the proposal to amend Regulations (EU) No 1227/2011 and (EU) 2019/942 on wholesale energy market integrity and transparency.¶¶
- The amended regulation aims to improve the Union's protection against market manipulation in the wholesale energy market.¶
- Parliament calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal.¶
- As an agreement was reached between Parliament and Council, Parliament's position corresponds to the final legislative act, Regulation (EU) 2024/1106.¶
Who is affected
- Wholesale energy market participants, who will be subject to the amended rules on market manipulation.¶
- The Agency for the Cooperation of Energy Regulators (ACER), whose role is covered by the amended Regulation (EU) 2019/942.
Legal basis: Article 294(2) and Article 194(2) of the Treaty on the Functioning of the European Union¶