The European Commission has published a special report by the Gas Market Task Force concluding that EU gas and gas derivatives markets are functioning well in practice. The report also identifies areas for further work to help maintain effective market outcomes for European businesses and consumers. The task force brings together officials from the Commission, the Agency for the Cooperation of Energy Regulators and the European Securities and Markets Authority. Its analysis covers monitoring trends in algorithmic trading, developing new market monitoring tools, implementing the Regulation on wholesale Energy Market Integrity and Transparency, commodity derivatives trading rules such as position management controls and position reporting, and data sharing and cooperation between energy and financial supervisors. The group was set up in February 2025 under the Clean Industrial Deal and the Affordable Energy Action Plan, and its report was informed by the Commission's 2025 consultation on commodity derivatives markets, which examined whether further legislative changes were needed to strengthen alignment between the Markets in Financial Instruments Directive and REMIT and reduce administrative burdens, including through single reporting mechanisms.
European Commission2026-06-02
European Commission publishes Gas Market Task Force report finding EU gas and gas derivatives markets function well and outlining further oversight work
The European Commission’s Gas Market Task Force has issued a special report finding that EU gas and gas derivatives markets function well, while highlighting areas for further work. The report covers monitoring algorithmic trading, developing new market surveillance tools, implementing the Regulation on wholesale Energy Market Integrity and Transparency, refining commodity derivatives trading rules, and enhancing data sharing and cooperation between energy and financial supervisors, drawing on the Commission’s 2025 consultation on commodity derivatives markets.