How will EU Market Supervision Legislation Affect Electricity Markets?. Potential implications of the EU on-going revision of MAD, MiFID, CRD, EMIR and REMIT

      Аннотация: The proposed on-going revision of EU market supervision regulation is meant to increase positively market transparency and integrity, but if not appropriately developed it risks carrying undesired disadvantages such as disproportionate collaterals, higher compliance costs and potentially higher power prices. This study illustrates present and proposed regulations evaluating potential implications on electricity market participants. A business costs impact assessment supports the analysis introducing how higher costs might significantly reduce market depth and liquidity, resulting in greater vulnerability of the wholesale price finding mechanism.

Ключевые слова: MiFID, Energy regulation, energy trading, MAD, Mar, Emir, REMIT