On 17 December 2014 the Commission adopted an implementing regulation further specifying the data reporting framework under Regulation No 1227/2011 of 25 October 2011 on wholesale energy market integrity and transparency (REMIT)
On 10 October 2011, the EU adopted new stringent rules on wholesale energy trading. The main objective is to prevent use of insider information and other forms of market abuse which distort wholesale energy prices and normally mean that businesses and consumers pay more for their energy than they need. The new law will enter into force by the end of this year. For the first time energy trading will be screened at EU level to uncover abuses. National authorities in Member States will put in place penalties to help stop and prevent market manipulation.