Activities of Teresa RIERA MADURELL related to 2010/0363(COD)
Plenary speeches (1)
Energy market integrity and transparency (debate)
Amendments (9)
Amendment 64 #
Proposal for a regulation
Recital 4
Recital 4
(4) Wholesale energy markets encompass both commodity markets and derivative markets, with price formation in both sectors interlinked. This include inter alia regulated markets, multilateral trading facilities and over the counter (OTC) transactions, direct or through brokers.
Amendment 80 #
Proposal for a regulation
Recital 9
Recital 9
(9) It should be clearly prohibited to use or to attempt to use inside information to trade either on one's own account or on the account of a third party. Use of inside information can also consist in trading in wholesale energy products by persons who know, or ought to know, that the information they possess is inside information. Information which is required to be made public in accordance with Regulation (EC) No 714/2009 or Regulation (EC) No 715/2009, including guidelines and network codes adopted pursuant to those Regulations, may serve as the basis of market participants' decisions to enter into transactions in wholesale energy products and therefore could constitute inside information until it has been made public.
Amendment 88 #
Proposal for a regulation
Recital 11
Recital 11
(11) Specification of the definitions of inside information and market manipulation is necessary to account for the specificities of wholesale energy markets, which are dynamic and subject to change. The Commission should be empowered to adopt delegated acts in accordance with Article 290 of the Treaty in respect to such detailed rules. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level. Expertise could in particular be provided inter alia by experts from the Agency for the Cooperation of Energy Regulators, the Committee of European Securities Regulators (CESR), the European Networks of Transmission System Operators for Gas and for Electricity, the European Securities and Markets Authority (ESMA) national regulatory authorities, national competition authorities, competent financial authorities in the Member States, stakeholders such as organised market places (e.g. energy exchanges) and market participants.
Amendment 186 #
Proposal for a regulation
Article 2 – point 4 – subparagraph 2
Article 2 – point 4 – subparagraph 2
Contracts for the supply and transport of natural gas or electricity for the use of final consumers are not wholesale energy products.
Amendment 194 #
Proposal for a regulation
Article 2 – point 5
Article 2 – point 5
5. ‘wholesale energy market’ means any marketplace within the Union on which wholesale energy products are traded; they include inter alia regulated markets, multilateral trading facilities and over the counter (OTC) transactions, direct or through brokers;
Amendment 197 #
Proposal for a regulation
Article 2 – point 5 a (new)
Article 2 – point 5 a (new)
5a. ‘market participant’ means any person, including transmission system operators, who enters into transactions, including the placing of orders to trade, in one or more wholesale energy markets;
Amendment 209 #
Proposal for a regulation
Article 3 – paragraph 4 – subparagraph 1
Article 3 – paragraph 4 – subparagraph 1
4. Market participants shall publicly, effectively and in a timely manner disclose inside information in respect of business or facilities which the participant concerned owns or controls or for which the participant, or parent undertaking or related undertaking, owns or controls or for which the participant, or its parent undertaking or related undertaking, is responsible for operational matters, either in whole or in part. Such informationdisclosure shall include information relevant to the capacity and utilisation of facilities for production, storage, consumption or transmission of electricity or natural gas or related to the capacity and utilisation of LNG facilities, including planned or unplanned unavailability of these facilities.
Amendment 260 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
1. The Agency shall be provided with a record ofn access right to wholesale energy market transactions, including orders to trade. The Commission shall adopt delegated acts in accordance with Article 15 and subject to conditions of Articles 16 and 17, laying down the timing, form and content in which this information is reported and, where appropriate, defining thresholds for the reporting of transactions as well as specifying types of contracts for which transactions shall be reported.
Amendment 339 #
Proposal for a regulation
Article 15 – paragraph 1 a (new)
Article 15 – paragraph 1 a (new)
1a. Before adopting delegated acts the Commission shall consult market parties on the content and format of the reporting obligations, including among them stakeholders such as organised market places (e.g. energy exchanges) and market participants.