The Dutch energy regulator, ACM, recently shared several updates on REMIT supervision, focusing on Direct Electronic Access (DEA) and its market observations from late 2025 (click here).
Under REMIT, any firm trading wholesale energy products in the EU must register with a national regulatory authority. This includes firms using not only their own accounts but also those using Direct Electronic Access (DEA) to trade.
The ACM noted a broad increase in DEA trading and has been actively reminding DEA clients of their registration duties. This proactive outreach led to a significant rise in registrations.
Crucially, the ACM views DEA providers as market gatekeepers. Because these providers see all client activity, the ACM expects them to ensure their customers comply with, amongst other things, REMIT registration rules. The regulator warned it would confront providers who grant market access to unregistered firms. To manage risk, DEA providers – which include several large utilities - should make proof of REMIT registration a mandatory condition for the enrolment of any new DEA clients.
The ACM’s brief half-yearly report (click here) highlights its ongoing monitoring of market integrity:
The ACM’s benevolent, collaborative style is a blueprint for other regulators. By using "soft messaging" to highlight concerns before resorting to "hard power" and penalties, they proactively encourage better industry standards. This transparency helps firms from both the EU and third countries, like the UK and US, understand and meet their obligations.