EU Energy Regulator Group to Hire 10 People for Transparency

The European Agency for the Cooperation of Energy Regulators will add 10 people next year to its staff of 43 to enforce EU rules to stop manipulation in the bloc’s power and natural gas markets.

ACER plans to “work intensively” on the Regulation for Energy Market Integrity and Transparency, or Remit, in 2013 and expects the framework of the rules to be in place by the beginning of 2014, the Ljubljana, Slovenia-based agency said in a work program published on its website yesterday.

ACER is due to publish guidance on how European utilities such as RWE AG (RWE) and GDF Suez SA (GSZ) should report data on power and natural gas outages under Remit by the end of September.

The agency may provide definitions of the data companies need to publish concerning plant outages and how quickly they are required to do so.

To contact the reporter on this story: Rachel Morison in London at rmorison@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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