Revocation of designation
The Swedish Energy Markets Inspectorate (Ei) is the regulatory authority responsible for ensuring that companies that operate power exchanges in Sweden comply with the requirements laid down in Article 6 of the Regulation on Capacity Allocation and Congestion Management. Ei can revoke or suspend a designation if a power exchange fail to maintain compliance with the requirements.
Ei must be informed if a company does not maintain compliance with the requirements
All companies that operate a power exchange in Sweden must immediately inform Ei if they no longer can maintain compliance with the requirements listed in Article 6 of the Regulation.
Ei can revoke or suspend a designation
Ei will notify a company of its non-compliance if it comes to the attention of Ei that a power exchange with a Swedish designation does not comply with the requirements. The power exchange has 6 months to restore compliance.
Ei can also suspend a designation for a company operating as a power exchange in Sweden, with a designation from another Member State. The said power exchange has 3 months to restore compliance from notification of failure to comply. Only when said power exchange has restored compliance can it commence operating as a power exchange in Sweden.