£2.1m fine in GB under REMIT for spoofing

Ofgem, the National Regulatory Authority for Great Britain, announced today the Engie Global Markets(EGM) has been fined £2.1 million. The press release can be found here, and a fuller announcement here. The fine relates to activity carried out in NBP (National Balancing Point) gas contracts, and took place between June and August 2016. The investigation … Continue reading → Source: Energy Trading Regulation – £2.1m fine in GB under REMIT for spoofing

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Source: CTRM Center

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