This hybrid training course offers up-to-date insights into European physical power market regulations, covering key aspects of REMIT (including the revised REMIT) and the Transparency Regulation. It explores core regulatory areas such as inside information, insider trading, and market manipulation - supported by real-world case law - and offers practical compliance guidance. The Nord Pool compliance course will suit anyone looking to better understand the regulatory landscape of the European physical power market.

The Nord Pool Certified Compliance Course (held in English) includes two parts:

- Online learning- complete at your own pace

- Live Q&A session – ask questions that you have after the e-learning directly to the Nord Pool Market Surveillance team

Participants receive a diploma upon completing the e-learning module.

Topics include:

1. Introduction to power market regulation

This part dives into the two main regulations governing the European power market: the Regulation on wholesale Energy Market Integrity and Transparency (REMIT), and the Transparency Regulation. We provide detailed and practical knowledge on REMIT, Europe's first set of common rules for wholesale energy markets.  We further explain the different types of mandatory data to be reported by market participants to comply with the Transparency Regulation.

2. Inside information and insider trading

Details the prohibition of insider trading alongside the obligation to publish inside information. We get you familiar with the Nord Pool REMIT UMM platform, which serves as a key tool for disseminating Urgent Market Messages (UMM), and how it facilitates regulatory compliance.

3. Market manipulation

REMIT prohibits market manipulation in wholesale energy markets. In this part, we explain what constitutes market manipulation under the regulation, clarifying the boundaries of acceptable market behavior. The course explores specific types of market manipulation and presents relevant case law to demonstrate how the regulation is enforced in practice.

4. REMIT in balancing markets

This part focuses on the application of REMIT to balancing markets, such as capacity markets and aFRR – and mFRR energy markets. We explain how REMIT obligations apply in these specific contexts and provide guidance on how market participants can stay compliant.

5. REMIT in algorithmic trading

With the revised REMIT in force since 2024, algorithmic trading in wholesale energy markets is now subject to defined regulatory requirements. This part outlines the key obligations for algorithmic traders and offers practical guidance on how to ensure compliance in an increasingly automated trading environment.

6. REMIT Best Practice report

In this part we get you familiar with the REMIT Best Practice report, a sector review on how a market participant can stay compliant with REMIT in terms of inside information and market abuse.

7. Market Surveillance at Nord Pool

We present the market monitoring structure under REMIT, which splits the responsibility to monitor between the trading venue, the NRAs and ACER. Furthermore, we look at how Nord Pool Market Surveillance operates and monitors for breaches of REMIT.

The fee includes:

• Full access to the extensive online material and test questions*
• Nord Pool Certified Compliance Course Digital Diploma. We expect all participants to pass the test within a month of the live session. We will therefore issue the diploma a month after the live session.
• Live Q & A session (pre-determined dates)

Participant fee is EUR 1000 (Nord Pool members and stakeholders get a 25 % discount).

Exclusive courses can be arranged on request, as well as exclusive Q&A sessions. Choose between online meetings, or in person at Nord Pool offices – or we can visit your workplace. Please note we have limited capacity to host exclusive courses.

* Online e-learning: The online material is split into seven parts and includes many easy-to-understand recorded presentations summarizing the written text, with case studies and test questions. Take the tests as many as ten times if you like - you will find answers to all the questions in the written material and recorded presentations.

Questions? 

Feel free to send any questions you have about the course to [email protected] or call us on +47 459 79 183.