REMIT - INTEGRITY AND TRANSPARENCY DRIVE
Iberdrola supports all initiatives that encourage the development of market mechanisms that aid the transparency of information which may help to facilitate competition in energy markets. The EU regulation regarding the integrity and transparency of the wholesale energy markets (REMIT), requires all generators to publically declare as quickly as possible and in as much detail as possible the current status of power facilities. This includes any problems at the generation facility that could lead to lower performance or plant outages.
Iberdrola encourages disclosing this information as accurately as possible on the following web pages. This information is subject to revision and could be updated by Iberdrola in recognition of its obligation to comply with the valid legislation.
Iberdrola provides this information based on its understanding of the principles of transparency and market integration set by REMIT. This does not imply that all information published has to be considered inside information according to the definition given by that regulation.
Complete information about REMIT for ScottishPower facilities in the UK is available on the ScottishPower website.
Shown below is the complete information about REMIT on the Wikinger offshore wind farm owned by Iberdrola Renovables Offshore Deutschland GmbH Energía, S.A. (Unipersonal), which boasts an installed power capacity of at least 100 MW.
|POWER STATION||FUEL||INSTALLED CAPACITY (MW)|
The following link provides the planned and ongoing outages of at least 100 MW of power for Wikinger offshore wind generation units farm because of the effect that it could have on the prices formation in the electricity markets.