Market monitoring

Market abuse

REMIT Rules define in more detail the prohibition of realisation of transaction or attempt of transaction in wholesale market, issuance of orders or attempts to issue a trading order with wholesale market product which:

  1. gives or probably gives false or misleading signals in terms of supply, demand or prices of wholesale market products; or
  2. provides or tries to provide via one person or by cooperation between several persons an artificial level of price of one or several wholesale market products unless the person who performed the transaction or has given order for trading proves that there are justified reasons for that and that the transaction or trading order was given in line with accepted practice on the wholesale market; or
  3. uses or tries to use fictional means or any other form of fraud or deceit which gives or probably gives false or misleading signals in terms of supply, demand or price of any or wholesale market products.

In addition, it is prohibited to:

  1. take actions or attempt to take actions which keep or will likely keep the prices on an artificial level which does not correspond to the real situation in the wholesale market;
  2. spread information via media, internet or any other channel which give or are likely to give false or misleading signals in terms of supply, demand or price of products in the wholesale market, including the spread of rumours and false or misleading news if the person spreading them knew or was supposed to know that the information were false or misleading.

The obligation to report market abuse is not only upon persons operating organised market or system for transaction pairing but upon any other person who enters into transactions with wholesale market products within their duties and professional work.

If there is a doubt that a certain transaction may represent a market abuse or an attempt of market abuse, such transaction is reported to the Agency within a Template REMIT R-5 without delay.

When detecting and identifying market abuse, the Agency cooperates with competent bodies, regulatory authorities of neighbouring states and the competent Energy Community body.

News
AERS: Joint Natural Gas Transmission Tariffs

Belgrade, July 11, 2025

On the session held on July 11, 2025, the Council of the Energy Agency of the Republic of Serbia has adopted a Decision on Joint Natural Gas Transmission Tariffs. In accordance with the Methodology for Setting Natural Gas Transmission Tariffs, this decision establishes joint natural gas transmission tariffs considered as a whole, which are applied by “Transportgas Srbija” d.o.o. Novi Sad and “Yugorosgaz-Transport” d.o.o. Niš during the first regulatory period lasting three gas years — from October 1, 2025, to September 30, 2028.


Approval of the Natural Gas Distribution System Development Plan of the Distribution System Operator “GAS” d.o.o. Bečej

Belgrade, July 11, 2025

On the session held on July 11, 2025, the Council of the Energy Agency of the Republic of Serbia has adopted a decision granting approval to the Distribution System Development Plan for the period 2025–2029, along with the Investment Plan for the period 2025–2027, submitted to the Agency by the natural gas distribution system operator “GAS” d.o.o. Bečej.


PUBLIC CONSULTATION: Draft Transmission System Development Plan of the Republic of Serbia for the Period 2025–2034

Belgrade,  June 19, 2025

On June 19, 2025, the Energy Agency of the Republic of Serbia has launched a public consultation on the Draft Transmission System Development Plan of the Republic of Serbia for the period 2025–2034, submitted to the Agency by the transmission system operator “Elektromreža Srbije” a.d.


Approvals of Operational Limitations for Facilities Connecting to the Transmission System

Belgrade, June 19, 2025

On the session held on June 19, 2025, upon the request of the Joint Stock Company "Elektromreža Srbije", the transmission system operator, the Council of the Energy Agency of the Republic of Serbia has adopted decisions approving operational limitations for battery energy storage systems and generation facilities connecting to the transmission system.

According to the Energy Law, the transmission system operator may offer a connection subject to operational limitations, provided such limitation is approved by the Agency.



Approval of the Distribution System Development Plan of “YUGOROSGAZ AD BEOGRAD”

Belgrade, June 5, 2025

On the session held on June 5, 2025, the Council of the Energy Agency of the Republic of Serbia has adopted a decision to grant approval of the Distribution System Development Plan for the period 2025–2029, along with the Investment Plan for the period 2025–2027, which was submitted to the Agency by the natural gas distribution system operator “YUGOROSGAZ AD BEOGRAD.”


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