Energy Market Surveillance II: Regulators and Market ParticipantsEnergy Market Surveillance II: Regulators and Market ParticipantsEnergy Market Surveillance II: Regulators and Market ParticipantsEnergy Market Surveillance II: Regulators and Market Participants
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Energy Market Surveillance Webinar Series lead
Energy Market Surveillance II: Regulators and Market Participants
  • Webinar Outline

  • Speakers

  • Webinar Recording

  • Materials

    As the energy market has become complex with many actors actively involved in its shaping, it is more difficult not only to keep track of transactions taking place and detecting irregularities or manipulation but also to follow the compliance rules. The second edition of the Market Surveillance Webinar series will explore relations within the energy market surveillance system occurring between regulators and various market participants.

    The event will stress the necessity of adoption of reporting and compliance systems by market participants and the role of guidelines from regulators that help them navigating through the established rules of fair and legal conduct. 

    Roster of Webinar Speakers

    Moderator
    Swora, Mariusz, dr hab.
    ERRA Strategic Advisory Board Member, Former ERRA Vice-Chair; Former President, Energy Regulatory Office, Poland
    Speaker bio
    Swora, Mariusz, dr hab.
    ERRA Strategic Advisory Board Member, Former ERRA Vice-Chair; Former President, Energy Regulatory Office, Poland
    Swora, Mariusz, dr hab.

    Mariusz Swora, dr hab., Attorney At Law, is a member of the ERRA Strategic Advisory Board. A full member of the Board of Appeal at the EU Agency for the Cooperation of Energy Regulators (2016-2021). He holds Ph.D. in law and habilitation titles. For several years he was a senior lecturer at the law department of Adam Mickiewicz University in Poznan and an associate professor at the law department of Jagiellonian University in Krakow. Mariusz Swora is an international expert in energy law and has authored over 140 publications in this area (including problems related to the energy markets regulation and regulators, energy transition, and commentary on Energy Law).

    He was the President of the Energy Regulatory Office in Warsaw (2007-2010). During his term of office as the vice chairman of ERRA, he represented the organization at the G8 meeting in Rome (2009). Together with dr Gabor Szörényi, he initiated studies on the intersection of innovation and energy regulation at ERRA (presented during ERRA Energy Regulatory Innovation Day, Poznan 2015).

    Mariusz Swora was a member of the advisory council at A.T. Kearney in Poland (2015). Between 2017-2018, he was the chairman of the steering committee of a sectoral program for energy at the National Centre for Research and Development.

    Winner of the ERRA Energy Regulatory Research Award 2014 (study devoted to the obligation to exchange electricity), also recognized for outstanding leadership of ERRA (2020). Laureate of the Laurel of Merit for the Polish Industry (2016).

    Webinar Speakers
    Nagali, Eleonora
    Policy Officer, Agency for the Cooperation of Energy Regulators (ACER)
    Speaker bio
    Nagali, Eleonora
    Policy Officer, Agency for the Cooperation of Energy Regulators (ACER)
    Nagali, Eleonora

    Eleonora Nagali, Ph.D., joined the European Union Agency for the Cooperation of Energy Regulators (ACER) in April 2019 as Policy Officer in the Market Integrity and Transparency department. She is in charge of providing guidance to stakeholders on REMIT policy topics and on the transaction reporting obligation under REMIT. She is also dedicated to the monitoring of the energy market design evolution potentially relevant for the REMIT data collection, with particular reference to market coupling. Before joining ACER, Eleonora has spent two years as Assistant to the Board at the Italian Regulatory Authority for Energy Networks and Environment (ARERA), and more than five years as senior analyst at the Italian energy exchange (GME) where she has been dedicated to the surveillance of the spot natural gas markets, REMIT compliance and Registered Reporting Mechanisms (RRM) management, and NEMO representative in several market coupling working groups. Eleonora has a M.Sc. in physics and a Ph.D. in Material Science, with a specialization in quantum information, both from “La Sapienza” University of Rome, and an Executive Master in Energy Resources and Global Environmental Strategies from “Luiss Business School” University of Rome.

    Zapasnik, Michal
    Director of Balancing Market Monitoring Department, Polskie Sieci Elektroenergetyczne S.A. (PSE) - Polish TSO for Electricity, Poland
    Speaker bio
    Zapasnik, Michal
    Director of Balancing Market Monitoring Department, Polskie Sieci Elektroenergetyczne S.A. (PSE) - Polish TSO for Electricity
    Poland
    Zapasnik, Michal

    Michał Zapaśnik is a director of Balancing Market Monitoring Department at Polskie Sieci Elektroenergetyczne S.A. (PSE) – Polish TSO for electricity. He manages the team responsible for:

    • Design and regular update of market monitoring strategy in accordance with REMIT, ACER Guidance and balancing market character and changes,
    • Performing market surveillance aimed at detecting market behaviors that may constitute breaches of Article 3 or 5 of REMIT,
    • Conducting deep-dive analysis and general screens of the balancing market,
    • Submitting suspicious transactions reports to the NRA,
    • Cooperation with market participants in order to better understand their market behavior.

    Earlier he was responsible for the centralizing PPAT functions at PSE and organizing the Balancing Market Monitoring Department.

    Prior to joining PSE, Michał has worked for several years at leading business consultancies focusing on Polish power market.

    Marcos, Jamie
    Deputy Director, Office of Enforcement, Division of Analytics and Surveillance, Federal Energy Regulatory Commission (FERC), United States of America
    Speaker bio
    Marcos, Jamie
    Deputy Director, Office of Enforcement, Division of Analytics and Surveillance, Federal Energy Regulatory Commission (FERC)
    United States of America
    Marcos, Jamie

    Jamie Marcos is the Deputy Director of the Division of Analytics and Surveillance of the United States Federal Energy Regulatory Commission’s Office of Enforcement.  As Deputy Director, Jamie oversees staff in the Division of Analytics in Surveillance in performing surveillance of the physical natural gas and electric power markets to detect potential manipulation, anticompetitive behavior, and other anomalous activity. Prior to serving as the Deputy Director, Jamie was a legal advisor in the Division of Analytics and Surveillance from 2012 to 2016 and an attorney-advisor in Office of Enforcement’s Division of Investigations from 2007 to 2012, where she conducted numerous investigations into market manipulation and other violations in the natural gas and electric power markets. In 2007, Jamie received her Juris Doctor from the University of California, Hastings College of the Law. She graduated from American University in 2003 with her Bachelor’s degree in International Studies. 

    Ratajczak, Arkadiusz
    Legal Counsel, Mariusz Swora PhD Law Office, Poland
    Speaker bio
    Ratajczak, Arkadiusz
    Legal Counsel, Mariusz Swora PhD Law Office
    Poland
    Ratajczak, Arkadiusz

    Arkadiusz Ratajczak is a legal counsel within the Mariusz Swora PhD Law Office. Mr Ratajczak is an expert in the area of energy law and policies, including specifically REMIT and market surveillance. Arkadiusz Ratajczak advises the largest energy companies in Poland on electricity and gas trade including compliance with integrity  and transparency regulations. His area of expertise covers also practical implementation of REMIT regulation and analysis of market abuse cases in energy sector both in EU and USA. Mr Ratajczak advised also on large infrastructural projects, concerning transmission on natural gas and oil. His mother tongue is Polish and Mr Ratajczak speaks and writes English fluently.

    Pék, Zoltán
    Head of REMIT Unit, Hungarian Energy and Public Utility Regulatory Authority (MEKH), Hungary
    Speaker bio
    Pék, Zoltán
    Head of REMIT Unit, Hungarian Energy and Public Utility Regulatory Authority (MEKH)
    Hungary
    Pék, Zoltán
    dr. Zoltán Pék is the head of REMIT Unit at the Hungarian Energy and Public Utility Regulatory Authority. In 2003, he obtained a law degree at the Faculty of Law at ELTE University. In 2018, he completed the Energy Market Economist Specialist postgraduate program at Corvinus University. He has been working at MEKH and its legal predecessor since 2012, where his primary task is to support tasks related to the domestic implementation of REMIT, and since 2018, he has also participated as an analyst in the preparation of MEKH's market monitoring reports. Since 2015, he has been one of the co-chairs of the CEER Wholesale Energy Market Work Stream working group dealing with REMIT-related topics.
    Olson, Thomas
    Attorney-Advisor, Office of Enforcement, Division of Investigations, Federal Energy Regulatory Commission (FERC), United States of America
    Speaker bio
    Olson, Thomas
    Attorney-Advisor, Office of Enforcement, Division of Investigations, Federal Energy Regulatory Commission (FERC)
    United States of America
    Olson, Thomas

    Tom Olson has been an enforcement attorney with the Federal Energy Regulatory Commission in Washington, D.C. since 2010.  He has led teams that investigated, and then litigated against, numerous firms and individuals that manipulated U.S. energy markets.  All told, these cases have led to settlements of more than $420 million.  In these cases, he works closely with other FERC enforcement attorneys and with FERC data scientists.  Before joining FERC, Tom was a partner with the WilmerHale law firm in Washington, D.C. for 18 years. 

    Supporter

    ERRA is grateful for the support by the Hungarian Energy and Public Utility Regulatory Authority that made this webinar available for the public.

    Energy Market Surveillance II: Regulators and Market Participants
     

    Webinar Content Contributors

    Energy Market Surveillance II: Regulators and Market Participants
    Energy Market Surveillance II: Regulators and Market Participants
    Energy Market Surveillance II: Regulators and Market Participants

    Webinar Recording

    If you are interested only in a particular session,
    click to watch on YouTube, expand the video’s description and jump directly to it by clicking the timeline links.

    Webinar Presentations

    • Eleonora Nagali, ACER: Reporting and other obligations of market participants under REMIT (Regulation on Wholesale Energy Market Integrity and Transparency)
    • Michal Zapasnik, PSE Poland: Disclosing suspicious transactions – obligation of market participants (PPATs)
    • Jamie Marcos, FERC: Regulators and fair energy trading: role of guidelines for market participants
    • Arkadiusz Ratajczak, Swora Legal: Compliance programs – landmarks of successful creation and implementation
    • Zoltán Pék, MEKH: The MAVIR case: Market manipulation on the electricity market
    • Thomas Olson, FERC: Cross Product Manipulation Case
    • Arkadiusz Ratajczak, Swora Legal: Layering and spoofing

    Suggested Materials

    Webinar I: Fundamentals of Enforcement and Abusive Practices

    Webinar III: Supervisory Tools and Sanctioning

    Interested in other topics?

    Check our upcoming webinars and training courses in energy regulation.
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