Market Surveillance deals with supervising wholesale electricity trading. The focus is hereby on the functioning of the wholesale electricity market and in particular on the detection of insider trading or market manipulation.
In the EU, Regulation No. 1227/2011 on wholesale electricity market integrity and transparency (REMIT) provides the legal basis for the supervision of wholesale electricity trading. Swiss market participants are also concerned by REMIT and the corresponding reporting and registration obligations. Based on article 26a of the Electricity Supply Ordinance of 14 March 2008 (ESO) the same data as reported under REMIT must also be transmitted to ElCom