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.
Mariusz Swora, dr hab., Attorney At Law, is a full member of the Board of Appeal at the EU Agency for the Cooperation of Energy Regulators (ACER). He holds PhD in law and habilitation titles. For several years he was a senior lecturer at law department of Adam Mickiewicz University in Poznan and 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 market regulation and regulators, smart metering, e-mobility infrastructure in the Clean Energy Package, commentary to Energy Law).
He was the President of 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 intersection of innovation and energy regulation at ERRA (presented during ERRA Energy Regulatory Innovation Day, Poznan 2015).
Running his Law Office, Mr Swora advises on a daily basis public institutions and private entities (like operators, traders and generators in electricity, gas & oil, district heating) in the area of energy law and regulation, competition law and new technologies. Mariusz Swora is an author of draft laws (both national and EU), contracts, reports and legal opinions for the European Commission as a member of consortium Spark Legal Network/VVA (national expert in a project related to risk preparedness), the World Bank (regulatory expert in a project examining legal aspects of Home Area Network), professional associations (e.g. DSR for industrial customers, implementation of REDII in district heating, implementation of Clean Energy Package – together with EY) and public institutions, including Parliament and Ministry of Energy (now Ministry of Climate and Environment). He was a member of advisory council at A.T. Kearney in Poland (2015). Between 2017-2018, he was the chairman of 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), recognized also for outstanding leadership of ERRA (2020). Laureate of the Laurel of Merit for the Polish Industry (2016).
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.
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:
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.
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.
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.
Zoltán Pék is the Head of Unit for Sectoral Analysis at the Hungarian Energy and Public Utility Regulatory Authority (MEKH). He joined the Authority in 2012, and has handled various responsibilities as a lawyer and energy market specialist. He has been responsible for the implementation of REMIT, and provides legal assistance in public administration procedures regarding REMIT cases. He is the co-chair of the Wholesale Energy Market Work Stream at the Council of European Energy Regulators (CEER) dedicated to the issues related to REMIT.
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.
ERRA is grateful for the support by the Hungarian Energy and Public Utility Regulatory Authority that made this webinar available for the public.