Market participants are obliged to disclose inside information (Article 4(1) of REMIT).
REMIT defines “inside information” as information with the following four elements:
- It is of a precise nature.
- It has not been made public.
- It relates, directly or indirectly, to one or more wholesale energy products.
- If it were made public, it would be likely to significantly affect the prices of those wholesale energy products.
(Article 2(1) of REMIT)
The disclosure has to "include information relevant to the capacity and use of facilities for production, storage, consumption or transmission of electricity or natural gas or related to the capacity and use of LNG facilities, including planned or unplanned unavailability of these facilities." (Article 4(1) of
REMIT )
The inside information should be disseminated to as wide a public as possible, preferably through platforms.
The ACER
Guidance on the application of REMIT provides more detail on the obligation to disclose inside information and on the definition of inside information.
