Wholesale energy markets: Commission proposes rules to prevent market abuse
Günther Oettinger said: "Our energy markets are interdependent. Market abuse that takes place in one Member State often affects the prices in another Member State. It is crucial to ensure EU level comprehensive rules which guarantee that citizens can be confident that prices are formed fairly and they can fully benefit from the internal energy market."
The European Commission has today proposed rules on wholesale energy markets to prevent market manipulation and insider trading. The Regulation seeks to ensure market transparency by obliging energy traders to respect clear market rules. Wholesale markets, where gas and electricity is traded between companies producing energy and traders, are key to the prices consumers finally pay.