Gas trading in Europe: Is the supervision of market abuse keeping up with the TTF's pace of growth?

Matthijs Nelemans

Gas trading in Europe: Is the supervision of market abuse keeping up with the TTF's pace of growth?

Matthijs Nelemans

Department of Criminal Law

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Scientific › peer-review

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Abstract

In this contribution I will look into the Dutch Title Transfer Facility (‘TTF’), the
largest marketplace for gas in Europe. The contribution analyses to what extent the
supervision of market abuse is keeping up with the TTF’s pace of growth. The
reason for this exploration is the current turbulence in the European gas market
due to the war in Ukraine. This war is one of the causes for the current high gas
prices in continental Europe. As an example, prices rose to EUR 340 MW/h on
26 August 2022 whilst they were around EUR 20 MW/h in early 2021. Another
reason for this exploration is that since the inception of REMIT in 2011, which created more attention for potential abuse in energy markets, the gas market has developed into a more financially driven market.

Original language	English
Title of host publication	Of swords and shields: Due process and crime control in times of globalization
Subtitle of host publication	Liber amicorum prof. dr. J.A.E. Vervaele
Editors	Michiel Luchtman
Publisher	Eleven International Publishing
Pages	633-644
Number of pages	12
ISBN (Electronic)	9789400112247
ISBN (Print)	9789462363434
Publication status	Published - Mar 2023

Publication series

Name	Pompe Reeks
Publisher	Eleven Publishing

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities

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OfSwordsandShields_NelemansFinal published version, 4.44 MB

Crime and Criminal Justice in the Age of Globalization and Digitalization
Bekker, S. (Researcher), Borghouts, I. (Researcher), Bosma, A. (Researcher), Braakman, M. H. (Researcher), Groenhuijsen, M. (Researcher), Groenleer, M. (Researcher), Houwerzijl, M. (Researcher), Karsten, N. (Researcher), Kooijmans, T. (Researcher), Nelemans, M. (Researcher), Oosterom-Staples, H. (Researcher), Rijken, C. (Researcher), Spapens, A. (Researcher), Wilthagen, T. (Researcher), Zouridis, S. (Researcher), van Hout, D. (Researcher), van Noorloos, M. (Researcher), van Ostaaijen, J. (Researcher), van Waas, L. (Researcher), Ligthart, S. (Researcher), van Sliedregt, E. (Researcher), Quackelbeen, L. (Researcher), Bemelmans, J. (Principal Investigator), Jaspaert, E. (Researcher), Joyce, T. (Researcher), de Vocht, D. (Researcher), Jacobs, P. (Researcher) & Dejean de la Bâtie, A. (Researcher)
1/01/19 → 31/12/23
Project: Research project

Cite this

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abstract = "In this contribution I will look into the Dutch Title Transfer Facility ({\textquoteleft}TTF{\textquoteright}), the largest marketplace for gas in Europe. The contribution analyses to what extent the supervision of market abuse is keeping up with the TTF{\textquoteright}s pace of growth. The reason for this exploration is the current turbulence in the European gas market due to the war in Ukraine. This war is one of the causes for the current high gas prices in continental Europe. As an example, prices rose to EUR 340 MW/h on 26 August 2022 whilst they were around EUR 20 MW/h in early 2021. Another reason for this exploration is that since the inception of REMIT in 2011, which created more attention for potential abuse in energy markets, the gas market has developed into a more financially driven market.",

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year = "2023",

month = mar,

language = "English",

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Gas trading in Europe: Is the supervision of market abuse keeping up with the TTF's pace of growth? / Nelemans, Matthijs.
Of swords and shields: Due process and crime control in times of globalization : Liber amicorum prof. dr. J.A.E. Vervaele. ed. / Michiel Luchtman. Eleven International Publishing, 2023. p. 633-644 (Pompe Reeks).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Scientific › peer-review

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Gas trading in Europe: Is the supervision of market abuse keeping up with the TTF's pace of growth?

Abstract

Publication series

UN SDGs

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Crime and Criminal Justice in the Age of Globalization and Digitalization

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